Quarterly Journal of Austrian Economics - Single Articles

Transitivity in economics maintains that if a is preferred to b, and b to c, then a must also be preferred to c. 

The step-by-step analysis in Dinero, Crédito Bancario y Ciclos Económicos, which starts from legal distinctions and then proceeds to discuss related economic issues, has a decidedly Rothbardian twist. 

What is certain is that mathematics cannot possibly be a valid means (to advances in economic understanding) unless and until it is used properly. That means that dimensions must be used consistently and correctly.

No matter what reform proposal is adopted, the state will attempt to strike back against it to restore to itself the immense benefits it receives from the existing system. 

The present number of the QJAE features the proceedings of a symposium held on March 29–30, 2001 at the Mises Institute. The theme “Austrian Law and Economics:

To analyze the feasibility of applying the Coase Theorem, this article uses two traditional arguments, economic calculation and non-neutral effects, found in the Austrian literature. 

The best parts of Rahn's book are those dealing with the enhancement of privacy in the digital age. These parts are realistic and encouraging.  

In a free market economy from which fiduciary media are excluded, economic progress will be limited, perhaps severely, by the high cost and correspondingly limited supply of small-denomination money

Infantino summarizes the elements of any theory of intentional order as psychologism, the rational construction of preferences, and the idea that the results of social action can be conceived as a process of maximization.

Although most economists model individual behavior using comparative statics, that approach ignores several important aspects of human action. How do we account for people having opposite responses to the same price change?

Garrison brings analytical distinctions between Austrian, Keynesian, and monetarist monetary-economics into sharp relief. This alone makes Time and Money a highly attractive alternative to advanced undergraduate

It is common to assume in business cycle analysis that the capital stock is homogenous and constant in aggregate value.

Governmental interventions in the economy take numerous forms, and they require the existence of a public authority, a bureaucracy, to implement them. 

The goal of our inquiry here is to add weight to the Rothbardian critique of Mises’s theory of monopoly prices. We do so by highlighting the inconsistencies of the latter’s treatment 

In the wake of the bicentenary of his birth, Frédéric Bastiat (1801–1850), his achievements, and his legacy have been reconsidered by scholars all over the western world.

An entire generation of students has been taught to accept efficient market theory (EMT) as gospel.  They have learned about investing in securities in an academic environment that rejects fundamental analysis. 

Austrian monetary inflation theory claims that changes in the money supply are disproportionately distributed throughout an economy, and as a result wealth inequality is exacerbated. 

Here we discuss briefly Mankiw’s ten principles of economics and offer a critique of these principles à la the Austrian School of economics.

This paper revisits the concept of entrepreneurship, which is frequently neglected in mainstream economics, and discusses the importance of defining and isolating this concept in the context of large, publicly held companies. 

Comparative analysis, however, could reveal some broader principles by which reform proposals may be evaluated. This exercise might prove to be more valuable than arguments over which theoretical perspective