Quarterly Journal of Austrian Economics - Single Articles

The purpose of this article is threefold. First, we challenge Mises's theory by arguing that it is not generally and apodictically valid. Therefore, it cannot be part of economic theory which

The author explores during a lecture that all antitrust regulation is economically inefficient and morally wrong and all of it—the laws and the enforcement agencies—should be thrown out. 

Wagner charges the Austrian business cycle with “obsolescence,” and describes it as “incoherent.” What is the reason for this denunciation? It is obsolete.

Richard Cantillon was the first economist to successfully examine the cyclical nature of the capitalist economy. He lived at a time (168?–1734) when the institutions of the modern capitalist  economy 

There is no evidence in Hayek's published work that the notion of an end-state ever held any interest.  Across more than 60 years of original publications, Hayek's notion of equilibrium was well-defined, dynamic

This paper is about the alleged tension between methodological individualism and evolutionary ideas in the work of Friedrich Hayek.

Factoring into our national accounting scheme the true value of nonrenewable resources and the imputed value of natural-resource degradation is seen as an essential corrective for the myopia that would otherwise distort the market process.  

Teaching Microeconomic Principles well, a blend of good pedagogy and good economics, is the professional obligation of many economists. Since such courses are conventionally grounded in neoclassical theory,

One is not intellectually free to use the neoclassical theory of the firm at one time to explain economic action, and to discard it at another.  If the theory of the firm does not apply in all explanations of firm behavior

The purpose of this paper is to extend Kirzner’s theory by explicitly introducing the role of space in entrepreneurial alertness and the coordination of markets.

This short note is a contribution to the solution of the problem of indifference in Austrian economics (“Nozick’s problem”). The problem is divided into two questions:

The particular force of Thier's argument lies in the refutation of economic calculation under socialism not only on grounds of practicability, but of a theoretical reasoning about the role of property 

Most of the economists of the Austrian School use straightforward representations of the Hayekian structure of production. Even though these depictions are helpful in order to visualize 

A symposium was held in San Antonio, Texas at the Southern Economic Association convention in November of 2009. This issue consists largely of papers based on the lectures given at the symposium. 

Short of state implosion, what those who wish to promote free markets most need is an unevasive, contemporary, socialist theory.  Cockshott and Cottrell have come as close to developing a serious,

We examine the strict preference approach to the interpretation of human action and the assertion that a choice cannot be made between actions in which the actor is indifferent to the outcomes.

As Paul Samuelson once put it: Adam Smith is dead and Keynes is dead; well—and Mises is dead, too. But Keynesianism is alive and well and back with a vengeance. 

The Eastern European countries have been going through a transition phase since the liberalization of their economies with the collapse of communist regimes in the early 1990s.

From Adam Smith's day to our own, economists have tended to treat the intertemporal trade-off as something quite different from other trade-offs that market participants face.

The theory of monetary disequilibrium, as espoused by Selgin (1988), White (1989), Horwitz (2000), and others, has been used to justify the issuance of fiduciary media under a system of fractional reserve “free” banking.