What I Do at Wofford
I have been on the faculty at Wofford since 2000, where I have taught principles of economics, American economic history, public finance, regulation, and other courses. I’ve led interim travel projects to Australia, New Zealand, Europe (Hungary, Slovakia, Poland, Czech Republic, France), and Thailand. I serve as faculty sponsor for the Wofford Libertarians and Reformed University Fellowship.
Other Work and Research Interests
I am on the editorial staff of the Quarterly Journal of Austrian Economics and am an Associated Scholar with the Ludwig von Mises Institute in Auburn, Alabama. I am a senior fellow with the Cornwall Alliance for the Stewardship of Creation. My research interests include environmental regulation and the ethics of market systems.
Contact Information
E-mail: terrelltd@wofford.edu
Office: (864) 597-4570
Schedule a meeting in my office
429 N. Church St.
Spartanburg, SC 29303-3663
My YouTube channel
High-resolution photo
C.V. Highlights
Ph.D., Economics, Auburn University (1998)
M.A., Economics, Clemson University (1995)
B.S., Economics, Clemson University (1994)
Scholarly Publications:
“The Role of Third Party Payers in Medical Cost Increases,” with Maureen J. Buff, Journal of American Physicians and Surgeons, vol. 19, no. 3, Fall 2014.
Book review, The Privatization of Space Exploration: Business, Technology, Law, and Policy, by Lewis D. Solomon, Libertarian Papers, vol. 4, no. 1, 2012. Republished as “The Privatization of Space,” Mises Daily, Nov. 15, 2012.
“The Cost of Good Intentions: The Ethics and Economics of the War on Conventional Energy,” Cornwall Alliance for the Stewardship of Creation Briefing Paper, Oct. 31, 2011.
Book review, Foundations of Economics: A Christian View, by Shawn Ritenour, Journal of Markets and Morality, vol. 13, no. 2, Fall 2010.
“Calvin’s Contributions to Economic Theory and Policy,” in David W. Hall and Marvin Padgett, eds., Calvin and Culture: Exploring a Worldview
Book review, Economy and Morality: The Philosophy of the Welfare State, by Yuichi Shionoya, Journal of Markets and Morality, vol. 9, no. 2, Fall 2006.
“One Protestant Tradition’s Interface with Austrian Economics: Christian Reconstruction As Critic and Ally,” with Glenn Moots, Journal of Markets and Morality, vol. 9, no. 1, Spring 2006.
“Medical Information and Bureaucracy: The Character and Centralization of Medical Knowledge,” with Hilton P. Terrell, Journal of American Physicians and Surgeons, vol. 10, no. 3, Fall 2005.
“Binary Economics: Paradigm Shift or Cluster of Errors?” Quarterly Journal of Austrian Economics, vol. 8, no. 1, Spring 2005.
“Stewardship Without Prices and Private Property? Modern Evangelical Environmentalism’s Struggle to Value Nature,” with William Anderson, in Journal of Markets and Morality, vol. 6, no. 2, Fall 2003.
“Economic Observations on Citizen Suit Provisions of Environmental Legislation,” with A. H. Barnett, in Duke Environmental Law Policy Forum, vol. 12, no. 1, Fall 2001.
“The Origin of Property Rights: A Critique of Rothbard and Hoppe on Natural Rights,” Faith and Economics, no. 36, Fall 2000.
“Framing Environmental Policy Instrument Choice: Another View,” with A.H. Barnett, Duke Environmental Law and Policy Forum, vol. 10, no. 2, Spring 2000.
Editorial board, Environmental Stewardship in the Judeo-Christian Tradition: Jewish, Catholic, and Protestant Wisdom on the Environment
Book review, Antitrust: The Case for Repeal, by Dominick Armentano, Quarterly Journal of Austrian Economics, vol. 2, no. 3, Fall 1999.
“Property Rights and Externality: The Ethics of the Austrian School,” Journal of Markets and Morality, vol. 2, no. 2, 1999.
Book review, The End of Money and the Struggle for Financial Privacy, by Richard Rahn, Quarterly Journal of Austrian Economics, vol. 2, no. 2, Summer 1999.
Other Publications
“A $9 Minimum Wage Doesn’t Help the Poor,” Market Process Blog, February 13, 2013.
“The Economics of John Calvin,” Economics for Everybody Blog, October 10, 2012.
“QE3 and Crony Capitalism,” Economics for Everybody Blog, October 8, 2012.
“Is QE3 Ethical?” Economics for Everybody Blog, September 19, 2012.
“Misunderstanding Markets,” Economics for Everybody Blog, September 6, 2012.
“The Church’s Role in a Difficult Economy,” Economics for Everybody Blog, August 30, 2012.
“Deadly Fuel Economy Standards,” Economics for Everybody Blog, August 29, 2012.
“Are Free Markets Compatible with the Bible?” Economics for Everybody Blog, August 22, 2012.
“Against Economic Atheism,” Economics for Everybody Blog, August 20, 2012.
“New EPA Rule Threatens Coal Industry, Electricity Consumers,” Spartanburg Herald-Journal, April 8, 2012.
“Comments on the Shuttle Program,” Mises Economics Blog, July 15, 2011.
“DOJ Demands Laptop Password,” Mises Economics Blog, July 13, 2011.
“Was the Space Shuttle Worth It?” Mises Daily, July 13, 2011.
“Henry Manne’s QJAE Paper in SSRN Top Ten,” Mises Economics Blog, July 9, 2011.
“Are Market Processes Moral?” Market Process Blog, May 6, 2011.
“Deadly Anti-Salt Regulations,” Mises Economics Blog, May 3, 2011.
“Capping ATM Fees–A Good Idea?” Market Process Blog, May 15, 2010.
“Can ‘Experts’ Determine the Correct Health Insurance Premium?” Market Process Blog, February 23, 2010.
“Is Chinese Steel Hurting the US Economy?” Market Process Blog, December 30, 2009.
“Brooklyn Land Seized for Basketball Arena,” Market Process Blog, November 24, 2009.
“The Economics of Destutt de Tracy,” Mises Daily, November 28, 2008.
“FDA Requirements Block Effective Treatment,” Mises Economics Blog, November 14, 2006.
“Profiting from Knowledge,” The Free Market, vol. 24, no. 10, November 2006. Also as “Is House Flipping Sleazy?” Mises Daily, October 23, 2006.
“Will Virtual Worlds Be Taxed?” Mises Economics Blog, October 19, 2006.
“Mises Credited for Phelps’s Idea,” Mises Economics Blog, October 12, 2006.
“Binary Economics: Paradigm Shift or Cluster of Errors?” Mises Daily, March 18, 2006.
“Government-Enhanced Disaster,” Mises Daily, December 31, 2004.
“The Absurdity of ‘Saving Jobs,'” The Freeman, vol. 53, no. 11, December 2003.
“The Absurdity of Grad-Student Labor Unions,” Mises Daily, October 13, 2003.
“The Defense Department Sent Your House to Iraq,” Mises Daily, September 30, 2003.
Interview in the Austrian Economics Newsletter, Spring 2003.
“What Evangelical Environmentalists Do Not Know About Economics,” Mises Daily, April 10, 2003.
“Mugabe’s Famine,” Mises Daily, September 16, 2002.
“Court Shreds Contracts,” Mises Daily, January 18, 2002.
“Is Digital Currency Viable?” Mises Daily, March 15, 2001.
“Stopping Government Sprawl,” The Freeman, vol. 51, no. 2, February 2001.
“Standing to Gain from Tattling,” The Freeman, vol. 50, no. 12, December 2000.
“Path Dependence and Antitrust,” Mises Daily, November 9, 1999.
“The Family-Wrecking Tax,” The Free Market, vol. 15, no. 10, October 1997.
Conference Participation, Special Lectures, and Media
Mises University conference faculty, Ludwig von Mises Institute, Auburn, Alabama, July 20-26, 2014.
“Medical Information and Bureaucracy: F.A. Hayek and the Use of Medical Knowledge,” presented at the Association of American Physicians and Surgeons annual meeting, Denver, Colorado, Sept. 27, 2013.
Mises University conference faculty, Ludwig von Mises Institute, Auburn, Alabama, July 21-27, 2013.
“Uncertainty, Asset Specificity, and Entrepreneurial Adaptation,” working paper presented at the Austrian Scholars Conference, March 21-23, 2013, Auburn, Alabama.
Mises University conference faculty, Ludwig von Mises Institute, Auburn, Alabama, July 22-28, 2012.
Session chairman, “Research in American Economic History,” Austrian Scholars Conference, March 8-10, 2012, Auburn, Alabama.
“A Call to Truth on the Cost of New Mercury Regulations,” Invited testimony before the Energy and Power Subcommittee, of the Energy and Commerce Committee, of the US House of Representatives, at hearings on a new EPA regulation, Washington, D.C., February 8, 2012.
Interview (with E. Calvin Beisner) on “The Cost of Good Intentions,” Janet Parshall’s “In The Market,” aired Nov. 1, 2011.
Lecture, “Recession, Recovery, and Austrian Economics,” Carolina Debate Union at the University of South Carolina, October 6, 2011.
Interview on “Green Energy,” Richard Land Live, aired October 1, 2011.
Mises University conference faculty, Ludwig von Mises Institute, Auburn, Alabama, July 24-30, 2011.
“Environmental and Resource Economics,” July 27, 2011
“Common Objections to Capitalism,” July 28, 2011
“Health Care Economics,” July 29, 2011
“Consumer Product Regulation,” July 29, 2011
“Currency Failures from Argentina to Zimbabwe,” Mises Circle at Furman University, November 13, 2010
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“What Capitalism Is and Is Not, and the Ten Most Common Objections to Capitalism,” Radio Free Market, September 11, 2010.
Mises University conference faculty, Ludwig von Mises Institute, Auburn, Alabama, July 25-31, 2010.
“Property Rights and Innovation in Medical Care,” Health Care Economics conference presenter, Bryan College, October 30-31, 2009.
“Calvin’s Legacy in Economic Policy,” presented at the Association of Christian Economists 25th Anniversary Conference, April 16-18, 2009, Baylor University, Waco, Texas.
“The Influence of John Calvin on Economic Thought,” presented at the Austrian Scholars Conference, March 12-14, 2009, Auburn, Alabama.
Session chair, “Monetary Economics and the Business Cycle,” Austrian Scholars Conference, March 13-15, 2007, Auburn, Alabama.
Participant, 29th Annual Symposium on Ethical Decision-Making and Moral Values, Hilton Head Island, South Carolina, November 2-4, 2006.
“Supreme Court Decisions on Citizen Suits and EPA Enforcement Activity,” presented at the annual meeting of the Association of Private Enterprise Educators, April 2-4, 2006, Las Vegas, Nevada.
“Teaching Social Coordination Problems through Simulations,” presented at the Austrian Scholars Conference, March 16-18, 2006, Auburn, Alabama.
“Medical Information and Bureaucracy: F.A. Hayek and the Use of Medical Knowledge,” presented at the Austrian Scholars Conference, March 17-19, 2005, Auburn, Alabama.
“Economics and Social Cooperation” seminar, Prague University of Economics, Prague, Czech Republic, April 5-9, 2004. Awarded honorary visiting professorship.
“Calvinism Meets Austrian Economics: The Work of Frederick Nymeyer,” Austrian Scholars Conference, March 18-20, 2004, Auburn, Alabama.
“Stewardship and the Price System: Faith, Markets, and the Attempt to Value Nature,” First Annual Lou Church Memorial Lecture in Religion and Economics, Austrian Scholars Conference, March 13-15, 2003, Auburn, Alabama. Text available here.
“Binary Economics: Paradigm Shift or Cluster of Errors?” presented at the Austrian Scholars Conference, March 13-15, 2003, Auburn, Alabama.
“Stewardship without Prices and Private Property? Modern Evangelical Environmentalism’s Struggle to Value Nature,” with William L. Anderson, presented at the Lilly National Research conference “Christianity and Economics,” November 7-10, 2002, Waco, Texas.
“Austrians and Solutions to Every-Day Politics,” presented at the Scholarship of Liberty conference, October 18-19, 2002, Auburn, Alabama.
“Americans’ Exported Misunderstanding of American Success: Imperialism or Capitalism?” Austrian Seminar, Liberalni Institut, Prague, Czech Republic, April 4, 2002.
“Ethics and the Foundation of Economics,” Prague University of Economics, Prague, Czech Republic, April 4, 2002.
“Ethics and the Foundation of Economics,” Tomas Bata University, Zlin, Czech Republic, April 3, 2002.
“Americans’ Exported Misunderstanding of American Success: Imperialism or Capitalism?” Masaryk University, Brno, Czech Republic, April 3, 2002.
“Risk and Regulation,” Technical University of Liberec, Liberec, Czech Republic, April 2, 2002.
Participant, “Liberty and the Christian View of the Family,” Liberty Fund colloquium, September 14-17, 2000, Indianapolis, Indiana.
“Bureaucracy and the Law of Standing,” presented at the Austrian Scholars Conference, March 24-25, 2000, Auburn, Alabama.
“The Origin of Property Rights: A Critique of Rothbard and Hoppe on Natural Rights,” presented at the Austrian Scholars Conference, March 24-25, 2000, Auburn, Alabama.
“Economic Observations on Citizen Suit Provisions of Environmental Legislation,” with A. H. Barnett, presented at the Duke Law conference “Citizen Suits and the Future of Standing in the 21st Century: From Lujan to Laidlaw and Beyond,” March 2-3, 2000, Durham, North Carolina.
“On the Margins of the Austrian School: The Impact of the Christian Reconstruction Movement,” presented at the Austrian Scholars Conference, April 3-4, 1998, Auburn, Alabama.
Professional Affiliations and Advisory Roles
Senior Fellow, Cornwall Alliance for the Stewardship of Creation
Associated scholar with the Ludwig von Mises Institute
Assistant editor for the Ludwig von Mises Institute’s Quarterly Journal of Austrian Economics
Advisory Board, Unleashing Capitalism: A Prescription for Economic Prosperity in South Carolina.