Jacob R. Smith
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Economics · Political Economy

Jacob R. Smith

Ph.D. Candidate in Economics, Middle Tennessee State University — 2026 Graduate Fellow, American Institute for Economic Research

Public Choice Austrian Economics Historical Political Economy

My work asks a single question across very different settings: when does regulation actually serve the public interest, and when is it better understood as protection for incumbents, a tool of bureaucratic expansion, or a substitute for the order that markets and communities already provide?

Read the research Curriculum Vitae
Jacob R. Smith
01

Working Papers

01 Distillers and Chemists: Strategic Capture of the Bottled-in-Bond Act of 1897 Job Market Paper
02
Private Mechanisms for Stopping Diamond-Dybvig Runs: Evidence from U.S. Newspapers, 1889–1929
with Daniel J. Smith
03
Assuring Consumers of Authenticity, Safety, and Quality in Early American Whiskey Markets
with Mark Packard, Macy Scheck & Daniel J. Smith
04
Bootleggers Behind the Baptists: Wine-Industry Influence in Switzerland's 1908 Absinthe Referendum
with Nicholas A. Jensen
05 Crisis and Local Leviathan: Natural Disasters and Economic Freedom in U.S. Metropolitan Areas, 1972–2017
02

Works in Progress

  • The End of Prohibition and Alcohol-Firm Stock Priceswith Patricia Hummel & Corey Pendleton
  • Alms and Ale: A Malthusian Test of Welfare Generosity and Alcohol Consumption in OECD Countries, 1995–2023
03

About

A Ph.D. candidate in economics at Middle Tennessee State University's Jones College of Business, expecting to graduate May 2027. Summer 2026 Graduate Fellow at AIER; Summer 2024 and 2025 Fellow with MTSU's Political Economy Research Institute. My dissertation examines how policy interacts with individual and institutional behavior when the stakes involve credibility, safety, stability, and freedom.

My academic career began at Hampden-Sydney College, graduating magna cum laude in 2023 with a B.S. in Mathematical Economics and a second major in Philosophy — an interdisciplinary foundation that shapes the toolkit I bring to teaching and research. Learn more on my C.V., Teaching, and Research pages.

Let's connect.

jacob.rand.smith@gmail.com jrs2ge@mtmail.mtsu.edu LinkedIn / jacobsmithr Google Scholar ORCID / 0009-0005-7221-3245 SSRN GitHub / jacob-smith-r
 

© 2026 Jacob R. Smith