Mises Search

Abstract: In her paper “Corporate Risk Evaluation in the Context of Austrian Business Cycle Theory” recently published in this journal, Joanna Kruk aims to investigate how artificially low interest rates resulting from central bank intervention distort individual investment appraisals and ultimately result in both entrepreneurial misjudgment and

Now available from the Spring 2023 issue of the Quarterly Journal of Austrian Economics :  Abstract: This article reviews numerous arguments Austrian scholars have made against the efficient market hypothesis and asserts that these arguments are sufficient grounds for dismissal of many of the theoretical justifications which have been advanced in

ABSTRACT: In the division of labor, economizing valuations require an appraisement of the structure of market prices of goods beforehand. Yet, investment decisions concerning the purchase of an entire business enterprise, for example, necessitate considerations beyond appraisement. An economizing valuation of businesses must be based upon both

ABSTRACT: Contrary to the Austrian community’s former perception, we revealed value investing’s incompatibility with Austrian economics (Rapp, Olbrich, and Venitz, 2017). However, Leithner (2017) disagrees with this conclusion. He primarily argues that an analysis of value concepts should be neglected in favor of a discussion of the methods value

Quarterly Journal of Austrian Economics 19, no. 1 (Spring 2016): 3–28 ABSTRACT : Ludwig von Mises developed the theory of economic calculation in the context of his argument that the central planning of socialism cannot make economizing decisions concerning the use of resources in a division of labor economy. Focus on the problem of allocating

Quarterly Journal of Austrian Economics 20, no. 1 (Spring 2017) ABSTRACT: Within the Austrian economists’ community, value investing is characterized as a useful investment strategy, and one that is in line with Austrian economics, in particular Austrian value theory. In fact, value investing shares some basic findings with Austrian value theory,

Rapp, David J., Jeffrey M. Herbener, and David Gordon. 2024. “On the Ethics of Fair Value Accounting: Distributive Effects, Distributive Injustice, and Implications for Social Peace.” Quarterly Journal of Austrian Economics 27 (1). https://doi.org/10.35297/001c.117210