Robert F. Mulligan

Senior Fellow

Robert F. Mulligan is a career educator and research economist working to better understand how monetary policy drives the business cycle, causing recessions and limiting long-term economic growth. His research interests include executive compensation, entrepreneurship, market process, credit markets, economic history, fractal analysis of time series, financial market pricing efficiency, maritime economics, and energy economics.

He is the author of Entrepreneurship and the Human Experience and Executive Compensation. Both books can be purchased through Amazon either in hard copy or as a Kindle eBook.

He is from Westbury, New York, and received a BS in Civil Engineering from Illinois Institute of Technology, and an MA and PhD in Economics from the State University of New York at Binghamton. He also received an Advanced Studies Certificate in International Economic Policy Research from the Institut fuer Weltwirtschaft Kiel in Germany. He has taught at SUNY Binghamton, Clarkson University, and Western Carolina University.

  • Cherry-Piketty Data

    “Whether the distribution is problematic and calls for correction is one question, but measuring the extent of inequality and whether it is getting worse is an entirely different issue.” ~Robert Mulligan

    Cherry-Piketty Data
  • Income Inequality Rightly Understood 

    “Any discussion of income inequality that fails to address whether the source added value for others or simply extracted unearned rents, is not merely incomplete, but misleading.” ~Robert Mulligan

    Income Inequality Rightly Understood 
  • Can BRICS Displace the Dollar?

    “The noise from BRICS about creating their own reserve currency and abandoning the dollar is little more than noise. As irresponsible as the Fed has been, BRICS policymakers apparently want to inflate faster than even the Fed will allow.” ~Robert F. Mulligan

    Can BRICS Displace the Dollar?
  • Are CEOs overpaid?

    “Behavioral economics contributes the insight that different kinds of compensation incentivize, reward, and support different kinds of behavior, so a range of justifications for executive compensation may come into play and need to be considered by directors and the compensation committee.” ~Robert Mulligan

    Are CEOs overpaid?
  • A Brief History of Social Justice

    “The underlying problem with social justice is the failure to distinguish between negative rights, which protect liberty and property, and positive rights, which provide a license to violate established negative rights.” ~ Robert F. Mulligan

    A Brief History of Social Justice
  • What is Market Urbanism?

    “Scott Beyer’s Market Urbanism offers welcome analysis and policy solutions, clearly explaining how free market alternatives can make our cities better for all their citizens.” ~ Robert F. Mulligan

    What is Market Urbanism?
  • Reich Strikes Out

    “According to Reich, higher prices are due to the pandemic, which suppressed demand and created global supply chain problems, together with Russia’s invasion of Ukraine, China’s overzealous lockdown policies, and of course, capitalist greed.” ~ Robert F. Mulligan

    Reich Strikes Out
  • COVID-19 and the Labor Market

    “The last several recessions, even going back farther than 2000, have done lasting damage to the US economy, especially labor markets, and so far it appears the COVID-19 recession has been no exception.” ~ Robert F. Mulligan

    COVID-19 and the Labor Market
  • Income Distribution and Inequality

    “Invariably, however, the proposed solution to any form of income inequality has been an indiscriminate and highly punitive progressive tax on all income and wealth, regardless of how it was earned.” ~ Robert F. Mulligan

    Income Distribution and Inequality
  • Adele Spitzeder, the Queen of Confidence Tricksters

    “Adele Spitzeder (1832-1895) was active in Bavaria from 1869 to 1872. She founded and operated the Dachauer Bank, which may have been the first Ponzi scheme in history.” ~ Robert F. Mulligan

    Adele Spitzeder, the Queen of Confidence Tricksters