The latest scholarship developing the Austrian School of economic thought.
The Quarterly Journal of Austrian Economics (QJAE) is a refereed journal that promotes the development and extension of Austrian economics and the analysis of contemporary issues in the mainstream of economics from an Austrian perspective.
The QJAE Blog Editors and Editorial Board Submission Information
Happiness and Public Spending
What are the limitations of happiness economics? Is happiness economics biased toward a utopian ideal? François Facchini investigates this new critique of the free market economy.
Book Review: _21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19_
Brendan Brown reviews Ben Bernanke's optimistic case for monetary policy, in which the former chairman apparently forgot nothing and learned nothing.
Book Review: _Red Handed: How American Elites Get Rich Helping China_
Patrick Newman reviews Peter Schweizer’s Red Handed, which argues that the Chinese government, politically connected businesses, and other influential entities have essentially bought out American elites.
Book Review: _The Fed Unbound: Central Banking in a Time of Crisis_
Joseph Solis-Mullen reviews Lev Menand's new book that, as Solis-Mullen says, "confirms everything Austrians have been saying all along."
Book Review: _Viel mehr als nur Ökonomie: Köpfe und Ideen der Österreichischen Schule der Nationalökonomie_
Karl-Friedrich Israel reviews Alexander Linsbichler's new book introducing the Austrian School of Economics, available now in German but soon to be translated into English.
Book Review: _A Brief History of Equality_
Mark Thornton reviews Thomas Piketty's latest book, a "siren song of communism." The brevity of this book makes it potentially the most socially devastating of Piketty's so far.
Book Review: _Big Med: Megaproviders and the High Cost of Health Care in America_
Dale Steinreich reviews Dranove and Burns's analysis of health economics and policy, finding an interesting history of hospitals, but falling short of identifying the true causes of medical care dysfunction.
Wilson, Waldo, Woke CEOs, and Ways Forward
The 2022 Rothbard Memorial Lecture. For all the woke victories in academia, media, and the corporate world, those who support individual liberty and the free market can hope for victory.
An Internal Weakness in Current Intertemporal Preference Theory
With irreconcilable problems with utility functions, if what individuals prefer cannot be specified, then the orthodox microeconomics of the last hundred years is not a general theory of human action.
