Review: The Problem of Production: A New Theory of the Firm
Per Bylund's new book makes a compelling Austrian argument that firms precede markets, and creates what reviewer Mateusz Machaj calls "an unlocking theory of the firm."
Review: The High Cost of Good Intentions: A History of U.S. Federal Entitlement Programs
Entitlement programs have worsened the problems they were designed to solve and are now giving out massive subsidies to the non-poor.
Homogeneity, Heterogeneity, the Supply Curve, and Consumer Theory
What does it mean for two goods to be the "same good"? Wysocki and Block argue that Austrian subjectivism leads to the possibility of perfect economic homogeneity or heterogeneity.
The Income Effect Reconsidered
There is a type of income effect in Austrian or causal-realist price theory, and the difference between neoclassical and Austrian microeconomics is smaller than has been portrayed, says Karl-Friedrich Israel.
Is the Virus of International Macroeconomic Interventionism Infectious? An ABCT Analysis
Can credit expansion in one part of the world infect a laissez-faire economy with a boom-bust cycle? Block, Engelhardt, and Herbener argue that the laissez-faire economy is largely sheltered.
Agree or Disagree? On the Role of Negotiations for the Valuation of Business Enterprises
Valuation of businesses must be based on appraisement, investment appraisal, and—terra incognita in Austrian economics—negotiation. Discounted cash flow and "relative valuation" methods are well-suited for negotiation purposes.
