Born in Joplin, Missouri in 1944, Roger W. Garrison earned a BS in Electrical Engineering (1967) at the Missouri School of Mines and Metallurgy (now Missouri University of Science and Technology). After serving for four years as a commissioned officer in the United States Air Force (1967-1971), he returned to academe, obtaining an MA in Economics from the University of Missouri at Kansas City (1974). He spent two years at the Federal Reserve Bank of Kansas City and then, resuming his study of economics at the University of Virginia, completed the requirements for a PhD 1981.
Professor Garrison has been a member of the faculty at Auburn University since 1978. He teaches macroeconomics at both the introductory level and the advanced level and is widely known for his writings on capital, money, business cycles, and deficit finance. His contributions in these areas of study build on the insights of the Austrian school of economics—especially those of Ludwig von Mises and Friedrich A. Hayek.
In addition to serving as President of the Society for the Development of Austrian Economics (2004), Professor Garrison maintains affiliations with the Foundation for Economic Education of Irvington-on-Hudson, New York and with the Ludwig von Mises Institute of Auburn, Alabama.
Professor Garrison's work appears in such journals as the American Economic Review, Economic Inquiry, Journal of Macroeconomics, Journal of Money Credit and Banking, History of Political Economy, Journal of Economic Education, South African Journal of Economics, American Economist, Journal des Economistes et des Etudes Humaines, Independent Review, Critical Review, Cato Journal, Review of Austrian Economics, and Quarterly Journal of Austrian Economics.
Professor Garrison was featured as a representative of the Austrian School in an extended interview appearing in Brian Snowdon et al., A Modern Guide to Macroeconomics: An Introduction to Competing Schools of Thought (Edward Elgar, 1994). He contributed the chapter on the Austrian School to the this book's sequel, Modern Macroeconomics: Its Origins, Development, and Current State (Edward Elgar, 2005).
Professor Garrison delivered the Ludwig Lachmann Memorial Lecture at the University of the Witwatersrand, Johannasburg, South Africa, in 1997; he gave a series of lectures at the Escuela Superior de Economia y Administracion de Empresas, Buenos Aires, Argentina, in 2004.
A book-length treatment of capital-based macroeconomics is provided in Professor Garrison's Time and Money: The Macroeconomics of Capital Structure (London: Routledge, 2001). Time and Money was a 2001 winner of the Smith Prize, awarded annually by the Smith Center for Private Enterprise Studies for best book in Austrian economics.
Professor Garrison was the first Hayek Visiting Fellow at the London School of Economics during May/June 2003. During the five-week visit, he conducted seminars on capital-based macroeconomics and delivered the Hayek Memorial Lecture in LSE's Old Theater.
His invited autobiographical essay appears in the Fall 2004 issue of the American Economist and in Michael Szenberg and Lall Ramrattan, eds., Reflections of Eminent Economists (Edward Elgar, 2004).
Professor Garrison, his wife Karen, and son Jim make their home in Auburn, Alabama. He is an active member in the East Alabama Old Car Club and enjoys maintaining and showing his 1940 Buick.