Quarterly Journal of Austrian Economics - Single Articles

In this paper the theory of optimum currency areas (OCA) is presented, and then I will attempt to prove:

1. The OCA theory is nonoperational and irrelevant in dealing with the present international monetary situation.
2. The basic postulates of OCA theory are internally inconsistent and incompatible with economic theory.

Austrians frequently lament the absence of an Austrian undergraduate money-macro curriculum, especially at the intermediate level. 

Austrian economics lacks a formalized, self-conscious theory of environmental economics. But in fact all of the major elements of such a theory already exist and in that sense what

The economic theory of intergenerational sustainability is essentially neoclassical in nature and purports to provide a prescriptive framework for deciding how current generations 

Tolerably efficient coordination of human effort is impossible without trade in productive assets (capital markets).  There is no demonstrated, superior alternative to Wall Street and the price system. 

How rational are humans? Many important implications hinge on this seemingly innocuous question hinge, for not only economists, but all social scientists. 

This article reviews and assesses the trilogy Castells entitles The Information Age: Society Economy, and Culture.  Despite the adulation and attention the books have drawn, 

The Austrian School of economics—the casual-realist, marginalist, subjectivist tradition established by Carl Menger in 1871—has experienced a remarkable renaissance over the last five decades.

The false-money debate of 1866 in the Journal des Economistes was the first time that uncompromising laissez-fair advocates clashed on the question of fiduciary media. 

The skyscraper index, created by economist Andrew Lawrence shows a correlation between the construction of the world’s tallest building and the business cycle.

This paper reviews Austrian approaches to the firm and drafts a theory that emphasizes the firm as a market phenomenon. Here the firm is a vehicle for imaginative entrepreneurs to create artificially high factor density,

This book is a thorough, lively, and almost encyclopedic defense of private-property rights.  In this benighted age, there are not too many of those around.

Hoppe's response to Block’s foregoing criticism of his previously published notes on the subject of preference and indifference in economic analysis, including a summary of agreements and reconstruction of differences.

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 

Bureaucracy may denote either a means of management, or a particular kind of organization. Characteristics of such organizations include the existence of a discretionary budget

In his 1997 book, Guns, Germs and Steel, Jared Diamond attributes the ascendancy and triumphs of certain societies to geographical and environmental advantages. 

Panelist Nancy-Ann DeParle’s description of Newhouse’s paper as a “nice job of cataloging” is an apt description of this 1063-page tome as a whole. Its reading level is low enough that professors can assign readings 

Nonetheless, Rothbard and Mises have been criticized by Nozick (1977) and Caplan (1999), for inconsistency in admitting the concept of indifference into economic analysis after all, even if only indirectly. 

The Efficient Markets Hypothesis (EMH) was dealt a fatal blow by the financial crisis of 2007-2009, out of which we have witnessed a revival of Keynesian conceptions of the financial markets. 

Amartya Sen's wide-ranging book grasps a point ignored by many economists.  Economists are generally alive to the virtues of markets, and few since the collapse of communism have a good word to say about central planning.