Professor Butos earned his B.A. and M.A. in Economics from Brooklyn College, CUNY. His master’s thesis was titled "A Critical History of the Wages Fund Doctrine." He went on to earn a Ph.D. in Economics from the Pennsylvania State University, writing a dissertation entitled "Subjectivism in the Development of Monetary Theory: Implications of Austrian Themes."

Professor Butos's areas of interest include the economics of science, monetary economics, and institutional economics and he is currently researching the economics of science, Government science policy, and business cycles.  In addition to teaching undergraduate and graduate courses at Trinity, he has been a Visiting Research Fellow in New York University's Austrian Economics Program since 1993 and lectures at the Foundation for Economic Education during the summer.

 Publications:

• Butos, William N. (ed.). Neoclassical versus Classical Monetary Theories. by Will E. Mason, Boston: Kluwer, 1996.
• Butos, William N. (ed.) The Social Science of The Sensory Order, forthcoming 2009.

 Recent Articles in Refereed Journals

• Butos, William N., and Thomas J. McQuade. “Government and Science: A Dangerous Liaison.” Independent Review 11, 2 (Fall 2006).
• Butos, William N. “Money, Prices, and Capital: An Austrian Approach to Macroeconomics.” Quarterly Journal of Austrian Economics, (Winter 2006).
• Butos, William N., and Roger Koppl. “Does The Sensory Order Have a Useful Economic Future?” In Advances in Austrian Economics, v. 8, edited by E. Krecke and K. Krecke, Oxford: JAI Press, 2006, 
• Butos, William N., and Thomas J. McQuade. “The Sensory Order and Other Adaptive Classifying Systems.” Journal of Bioeconomics 7,3 (December 2005): 335-58.
• Butos, William N., and Roger Koppl. “Carabelli and DeVecchi on Keynes and Hayek.” Review of Political Economy 16, 2 (April 2004): 239-47.
• Butos, William N. “Entrepreneurship and the Generation of Knowledge.” In Advances in Austrian Economics, v. 6, edited by Roger Koppl, 6, Oxford: JAI Press, 2003, pp. 97-112. 

Recent Presentations:

• Butos, William N. The Theory of Adaptive Systems," Conference on Orders and Borders, November 2008
• Butos, William N. “Government and the Economics if Science.” Colloquium on Market Processes and Institutions, New York University, March 2005 .
• Butos, William N. “Private Property and Prices.” Foundation for Economic Education, July 2004, July 2005.
• Butos, William N., and T.J. McQuade. “The Sensory Order and Other Natural Classifier Systems.” Behavioral Research Council Conference on “Dewey and Hayek on Embodied Knowledge,” Great Barrington, MA, July 18-20, 2003, forthcoming.

• Earhart Fellow, Fall 2007
• Editorial Board, Journal of Private Enterprise
• President, Society for the Development of Austrian Economics, 2001-2002 
• Vice-President, Society for the Development of Austrian Economics, 1998-99
• Faculty Research Fellow, Scaife Foundation, New York University Austrian Economics Program, 1995-present ($2250 annually)
• Institute for Humane Studies, Seminar Grant, 1989-1990 ($1000)
• Trinity College Faculty Research Grant, summer 1987 ($2500)
• Trinity College Supplemental Research Leave, Fall 1986
• Conference, "Explorations in Institutions of Liberty," sponsored by The Liberty Fund and The Political Economy Research Center, Big Sky, Montana, 1-7 July 1985 (travel and expenses)
• Trinity College Junior Faculty Research Grant, summer 1983 ($2500)