Volume 4, No. 3 (Fall 2001) I would like to emphasize two implications of my argument. First, the concept of secular growth as an uncaused phenomenon contradicts the Mengerian method of analyzing dynamic market processes as well as modern Austrian capital and interest theory and should be purged from capital-based macroeconomics. In its
Volume 5, No. 3 (Fall 2002) The editors have decided to devote the bulk of Volume 5, Number 3, Fall 2002 Quarterly Journal of Austrian Economics to articles by F.A. Hayek, Eugen von Böhm-Bawerk, and Frédéric Bastiat . The articles by Hayek and Böhm-Bawerk were very recently translated from German by Marcellus Snow and George Reisman
Volume 5, No. 4 (Winter 2002) In 1982, Rothbard closed his remarks on the controversy over the journal’s name with the following statement: “At any rate, we have a tough row to hoe in Austrianism in general to rescue it from: Lachmann-Shackle nihilism; Stanford probababble ; . . .modern philosophy; and fuzzy Hayekianism . All this
Volume 6, No. 4 (Winter 2003) Whether the current recovery will strengthen, which appears to be the prevailing consensus, or whether unforeseen events in the financial arena abort it prematurely, we will see a hefty rise in consumer prices in the next few years. In other words, an existing or imminent deflation in the US is a chimera conjured
Volume 9, No. 4 (Winter 2006) Editorial: Our hope in publishing this symposium is to assist other instructors in teaching Austrian macroeconomics at the intermediate level and to inspire those who are inclined and equipped to contribute publications which will advance this under-developed field of economic pedagogy. The publication of this
Volume 9, No. 4 (Winter 2006) Ludwig von Mises (1981; 1998) is generally and properly credited by contemporary Austrians with having reintegrated monetary theory with general economic theory from which it had been severed by the neoclassical quantity theory. However, broader recognition of Mises’s contribution in merging monetary and value
Volume 17, No. 1 (Spring 2012) ABSTRACT: The financial crisis and the events leading up to it have sparked a remarkable renewal of interest in Austrian Business Cycle Theory (ABCT). A number of mainstream macroeconomists have criticized this resurgence of interest in ABCT on the grounds that the theory cannot explain the positive correlation of
Volume 12, Number 4 (2009) The author believes the evidence presented in this paper raises serious questions for Kirzner’s interpretation of Robbins’s Essay . Mises certainly treated Robbins’s book as an important contribution to the science of human action and did not draw a distinction between the Robbins’s economizing man and his own
Volume 13, Number 3 (Fall 2010) Larry was a committed Austrian economist and passionate defender of the liberal economic order. At the time of his passing, he was a leading advocate of free banking and critic of central banking. A prolific and engaging writer, he authored many scholarly and popular articles on a wide variety of topics, ranging
Volume 11, No. 3 and 4 (2008) Mises, Friedrich Hayek, and Murray Rothbard were the main architects of the distinctly Austrian theory of production as it exists today. All three conceived the entrepreneurial function in the actual market economy as presupposing the ownership of property, specifically capital. Yet, many, if not most, contemporary
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.