American professor of economics

Leland Bennett Yeager (4 November 1924 – 23 April 2018) was an American economist and an expert on monetary policy and international trade.


4 Nov 1924, in Oak Park, Illinois


23 Apr 2018, in Auburn, Alabama


Cato Institute, Adjunct Scholar
Independent Institute, Research Fellow
Mises Institute, Associated Scholar

Web Pages

Leland B. Yeager - Online Library of Liberty
Includes short profile and links to some of Yeager's works
"Leland Yeager is Ludwig von Mises Professor of Economics, Emeritus, at Auburn University."


Austrian "Inflation," Austrian "Money," and Federal Reserve Policy, by Richard Timberlake, The Freeman, Sep 2000
Response to Joseph T. Salerno's October 1999 article which critiqued Timberlake's essays in the April, May and June 1999 issues; discusses the words "inflation" and "money" and Federal Reserve policies, in an Austrian economics context
"More than 30 years ago in a path-breaking article, Leland Yeager devised a means of testing this question. Yeager noted that 'many definitions of money can be self-consistent. But no mere definition should deter us, when we are trying to understand the flow of spending in the economy, from focusing attention on the narrow category of assets that actually get spent ...' ... Yeager’s discussion provides an unexceptionable means for deciding what to include in 'the' stock of money and what to classify as financial assets."


Mises, Ludwig von (1881-1972), The Encyclopedia of Libertarianism, 15 Aug 2008
Biographical and bibliographical essay
"Ludwig von Mises was the leading Austrian economist of his generation. He received several honorary doctorates and the distinction of a ceremonial 50th-anniversary renewal of his earned doctorate. ... Mises continues to inspire new generations of Austrian economists and scholars associated with several institutes and journals. ... Mises deserves honor for his courage, even at heavy cost to his own career, in pursuing research, teaching, and writing with uncompromising concern that correct understanding should prevail in the long run."
Reverence for Skeptics, Liberty, Oct 2007
Describes how Prof. Yeager albeit raised as Christian became what he calls a "reverent atheist" and discusses the bases for his views
"A great mystery remains — the universe itself — but saying that God created it is no solution. Who then created God? Are we not verging on an infinite regress? If something as wonderful as a creator God could have existed before he set to work, why could not something just as wonderful, the universe, have existed without a creator distinct from itself? And why be so anthropomorphic?"
Related Topics: Atheism, Libertarianism

The introductory paragraph uses material from the Wikipedia article "Leland B. Yeager" as of 11 May 2018, which is released under the Creative Commons Attribution-Share-Alike License 3.0.