Quarterly Journal of Austrian Economics

Review of The Concept of Equilibrium in Different Economic Traditions: A Historical Investigation by Bert Tieben

JournalsNovember 19, 2014
In The Concept of Equilibrium in Different Economic Traditions , Bert Tieben offers a full-length, extensive study of the concept of equilibrium that chronicles its four-century evolution from the prehistory of classical economics to the heyday of neoclassical economics and contemporary heterodox...

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Review of Literature and Liberty: Essays in Libertarian Literary Criticism by Allen P. Mendenhall

JournalsNovember 19, 2014
During the past forty years, nothing has been more popular in the American university than “interdisciplinary work.” Too often, however, the appropriate prefix for “disciplinary” has been “non” rather than “inter.” Doing something “...

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Review of Euro Crash: How Asset Price Inflation Destroys the Wealth of Nations by Brendan Brown

JournalsNovember 19, 2014
It’s hard to walk away from Brendan Brown’s most recent book without a feeling of deep disappointment in modern day central banks. T...

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The Keynesian Multiplier Concept Ignores Crucial Opportunity Costs

JournalsNovember 18, 2014
The Keynesian multiplier is a concept embedded in macroeconomic thought, policy, textbooks, and widely taught in classrooms.

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The Quarterly Journal of Austrian Economics

Why Keynesian Concepts Cannot Be Used to Explain Pre-Keynesian Economic Thought: A Reader’s Guide to Classical Economic Theory

JournalsNovember 10, 2014
This note is built around five issues that center on the damage to economic theory caused by Keynes and his General Theory .

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The Quarterly Journal of Austrian Economics

Our Classical Macro Heritage

JournalsNovember 6, 2014
This paper addresses the key shortcoming in the world of macro modeling, from a history-of-thought perspective.

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Gun Control in the Third Reich: Disarming the Jews and ''Enemies of the State,'' by Stephen P. Halbrook

JournalsAugust 21, 2014
How did Hitler do it? There is no shortage of theories or writings related to the rise of the Third Reich and the subsequent Holocaust. Halbrook, however, offers a compelling and important account of the role of gun control in aiding Hitler’s goals of exterminating the Jews and other “...

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The Federal Reserve and the Financial Crisis, by Ben S. Bernanke

JournalsAugust 21, 2014
There is trouble lurking in each of the book’s four chapters. The text gets off on a wrong foot as Bernanke overviews the origins and purposes of the Fed...

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Welfare and Old Age in Europe and North America, edited by Bernard Harris

JournalsAugust 21, 2014
Welfare and Old Age in Europe and North America is a fascinating account of the rise of the welfare state in continental Europe and the U.K. The inclusion of North America in its title is misleading because it certainly does not discuss the mutual-aid-to-welfare-state transitions of Canada or...

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Comment on Dolan on Austrian Economics and Environmentalism

JournalsAugust 21, 2014
An expert in environmental economics, Dolan attempts to assess the Austrian contribution to this field. He finds it wanting. I must make the same assessment of Dolan. His misunderstanding of Austrian economics is only matched by his mischaracterization of free market environmentalism.

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