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William Hongsong Wang, Ph.D.

Department of Business and Economics
Economics

Education

Ph.D. in Economics (Universidad Complutense de Madrid, Spain)
M.A. in Economics (Universidad Rey Juan Carlos, Spain) 
B.S. in Economics (Shanghai Maritime University, Mainland China)

Practice Areas

  • Market Process Economics
  • Economic History
  • Institutional Economics and Public Choice
  • Sustainability
  • Public Policy Analysis and Political Economy

Research Interests

Dr. William Wang's research interests lie at the intersection of entrepreneurship, economic history, and development economics, with special attention to the Austrian School, institutional economics, public choice, environmental policy, and the history of economic thought. His work often integrates comparative historical analysis with market process theory, economic dynamic efficiency, and public policy evaluation related to energy, sustainability, and economic reform.

Publications and Media Placements

A free-market environmentalist transition toward renewable energy: the cases of Germany, Denmark, and the United Kingdom. W.H. Wang, V. Moreno-Casas, J. Huerta de Soto. Energies 14 (15), 4659. 2021.

Israel Kirzner on dynamic efficiency and economic development. V.I. Espinosa, W.H. Wang, H. Zhu. Procesos de Mercado 17 (2), 283-310. 2020.

The political economy of complexity: the case of Cyber-Communism. V. Moreno-Casas, V.I. Espinosa, W.H. Wang. Journal of Economic Behavior & Organization 204, 566-580.

Principles of Nudging and Boosting: Steering or Empowering Decision-Making for Behavioral Development Economics. V.I. Espinosa, W.H. Wang, J. Huerta de Soto. Sustainability 14 (4), 2145. 2022.

Private property rights, dynamic efficiency and economic development: An Austrian reply to Neo-Marxist scholars Nieto and Mateo on cyber-communism and market process. W.H. Wang, V.I. Espinosa, J.A. Peña-Ramos. Economies 9 (4), 165. 2022.

Jesús Huerta de Soto: The synthesizer of the Austrian school. W.H. Wang. Procesos de Mercado 14 (2), 173-202. 2021.

The Community Commitment to Sustainability: Forest Protection in Guatemala. E. Fernández Luiña, S. Fernández Ordóñez, W.H. Wang. Sustainability 14 (12), 6953. 2017. 2022.

A Free-Market Environmentalist Enquiry on Spain’s Energy Transition along with Its Recent Increasing Electricity Prices. W.H. Wang, V.I. Espinosa, J. Huerta de Soto. International Journal of Environmental Research and Public Health 19 (15), 9493. 2022.

Business cycle and stability of China's financial and monetary system. W.H. Wang, A. Vegas. Procesos de Mercado 14 (1), 123-171. 2017.

Marketization and limited government reforms in the Xi Jinping political era: A policy analysis. W.H. Wang. New Perspectives on Political Economy 14 (1-2), 91-112. 2018.

Central Banking in War Times: China, 1927-1949. W.H. Wang. Universidad Complutense de Madrid. 2020.

Dynamic Efficiency and a Judgment-Based Approach to Entrepreneurship: An Integrated Thesis for Development Economics. W.H. Wang. The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto. 2023.

A primary comparative analysis and integration of the Hayekian-Laozian theories of knowledge, market process and law. W.H. Wang, J. Caramés. Procesos de Mercado 16 (2), 125-145. 2019.

How is the Ancient and Modern Libertarian Philosophy Connected Together? A Knowledge Approach on Friedrich Hayek, Laozi, and Luis de Molina. W.H. Wang, L. Gómez-Rivas. Journal of the Sociology and Theory of Religion 17 (1), 1-14. 2025.

Costes ocultos: fiscalidad de la energía y dinámica del mercado en España. W.H. Wang. Cinco reformas económicas que España necesita, 27-39. 2024.

The legislative and regulatory framework for PPAs in Spain. W.H. Wang. PPAs: a Comparative Study Towards the EU Green Deal, 113-121. 2023.

Inmigrantes empresarios. Valor sin fronteras. A. Gómez, F. López, WH Wang. 2022.

Review of "A China Business Primer: Ethics, Culture, and Relationships" by Michael Santoro and Robert Shanklin. W.H. Wang. Journal of Markets and Morality 24 (2). 2021.

Review of "The Essence of Market: The Perspective and Method of Human Action" By Haijiu Zhu. W.H. Wang. Procesos de Mercado 16 (2), 393-403. 2019.