Dr. Brian Simpson

I am chair of the Department of Accounting, Finance, and Economics. My research focuses on monetary and banking theory, the business cycle, the philosophical foundations of economic ideas, and creating constitutional protections of individual rights and freedom. I am author of A Declaration and Constitution for a Free Society (Lexington Books, 2021). This book modifies the Declaration of Independence and U.S. Constitution to make them fully consistent with the protection of individual rights. I am also author of the two-volume comprehensive explanation of the business cycle and business cycle theory–based on Austrian business cycle theory–titled Money, Banking, and the Business Cycle (Palgrave Macmillan, 2014). In addition, I am author of the book Markets Don’t Fail! (Lexington Books, 2005). Markets Don’t Fail! was translated into Chinese in 2012. In addition to a Ph.D. in economics from George Mason University, I have an MBA from Pepperdine University and a BS in aerospace engineering from Syracuse University.

Below are select publications and presentations.


  • Simpson, B.. (2018). An Analysis of Externalities from an Objectivist Perspective. Perspectives on Ayn Rand's Contributions to. . . .. 23-47.
  • Simpson, B.. (2017). Response to a Review of Money, Banking, and the Business Cycle. The Quarterly Journal of Austrian Economics, 20(3): 255-265.
  • Simpson, B.. (2016). Castro's Socialist System Deserves Burial, Not Praise. The San Diego Union-Tribune, B7.
  • Simpson, B.. (2014). Money, Banking, and the Business Cycle, Volume 2: Remedies and Alternative Theories.
  • Simpson, B.. (2014). Money, Banking, and the Business Cycle, Volume 1: Integrating Theory and Practice.
  • Simpson, B.. (2012). Needed in the Context of the Renewed Popularity in Keynes's Ideas: An Analysis of His Errors. Journal of Social, Political, and Economic Studies, 37(1): 67-93.
  • Simpson, B.. (2011). The Effect of Environmental Regulations and Other Government Controls on Oil and Gasoline Production. Energy & Environment, 22(3): 151-166.
  • Simpson, B.. (2009). Wealth and Income Inequality: An Economic and Ethical Analysis. Journal of Business Ethics, 89(4): 525-538.
  • Simpson, B.. (2007). The Relation Between Interest Rates and the Demand for Money: Correlation or Causation?. Journal of Business and Behavioral Sciences, 16(1): 57-67.
  • Simpson, B.. (2005). Markets Don't Fail!.


  • Simpson, B. (2019). An Explanation of the 'Great Recession' Based on Austrian Business Cycle Theory. Paper presented at the Academic and Business Research Institute Conference, Savannah, GA.
  • Simpson, B. (2018). Current State of the Economy: International Trade and Monetary Policy. Lecture presented at the San Diego Chapter of the Institute of Management Accountants Continuing Professional Education Meeting, La Jolla, CA.
  • Simpson, B. (2017). A Critique of 'Sticky' Price and Wage Theory. Paper presented at the 42nd annual conference of The Association of Private Enterprise Education, Lahaina, HI.
  • Simpson, B. (2016). Real Business Cycle Theory: A Critique. Paper presented at the 41st annual conference of The Association of Private Enterprise Education, Las Vegas, NV.
  • Simpson, B. (2015). John Law's Financial Scam. Paper presented at the 11th annual Prague Conference on Political Economy, CEVRO Institute, Prague, Czech Republic.
  • Simpson, B. (2014). A New Development in Austrian Business Cycle Theory. Paper presented at the 84th annual conference of The Southern Economic Association, Atlanta, GA.
  • Simpson, B. (2013). Where Do Profits Come from?. Seminar presented at the Objectivist Summer Conference, Chicago, IL.
  • Simpson, B. (2012). What Would a Free Market in Money and Banking Look Like?. Speech presented at the Clemson Institute for the Study of Capitalism Lunch-Time Lecture Series, Clemson, SC.
  • Simpson, B. (2010). Capitalism and the Economic Crisis. Speech presented at the Advocis, The Ontario School, Professional Development Seminar for Canadian Financial Advisors, webcast from La Jolla, CA, Niagara-on-the-Lake, ON, Can.
  • Simpson, B. (2010). Keynes's Theory of Depression: A Critique. Paper presented at the Workshop in Philosophy, Politics, and Economics at George Mason University, Fairfax, VA.
  • Simpson, B. (2008). A Critical Analysis of Keynes's Business Cycle and Depression Theory. Paper presented at the Colloquium sponsored by the Social Philosophy and Policy Center and the Department of Economics at Bowling Green State University, Bowling Green, OH.
  • Simpson, B. (2008). The Market Failure Fallacy. Speech presented at the Ayn Rand Institute Public Lecture Series, Costa Mesa, CA.
Dr. Brian Simpson

Contact Information

Dr. Brian Simpson

College: College of Professional Studies

Department: Accounting, Finance, and Economics


(858) 642-8431

Torrey Pines South Campus


George Mason University - PHD - Economics