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.
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Book Review: Capitalism, Socialism and Property Rights: Why Market Socialism Cannot Substitute the Market
Paul Cwik reviews Machaj's new Capitalism, Socialism, and Property Rights, which benefits from the author's direct experience with a centrally planned economy and the subsequent transition to a market-based economy.
Book Review: Questioning the Entrepreneurial State: Status Quo, Pitfalls, and the Need for Credible Innovation Policy
Misguided notions of state capabilities for entrepreneurship should not enter public discourse without a robust retort, says William Miller. Wennberg and Sandström's book provides this challenge to the entrepreneurial state.
Book Review: _Economic Episodes in American History_, 2nd ed.
Patrick Newman reviews Schug, Wood, Ferrarini, and Niederjohn’s vital response to the anti-capitalistic teaching in modern high school history classrooms.
A Note on Money Neutrality
Carmen Dorobăț comments on Pascal Salin's efforts to reconcile the Chicago School and the Austrian School, and suggests that such a reconciliation between the two traditions is impossible.
Austrian Monetary Theory: Comment on Pascal Salin’s Paper
Austrians can learn from engaging with non-Austrian monetary theorists. But Chicagoans would do well to pay attention to Austrian thought, as Kristoffer Hansen shows in this reply to Salin.
Comment on Salin’s “The Monetary Economics of the Austrian School and the Chicago School”
In this reply to Pascal Salin, Nikolay Gertchev contends that an unintended contribution of Salin's article is that methodological differences between the Austrian and Chicago schools prevent reconciliation.
On the Complementarity of the Austrian and Monetarist Traditions
At least some Chicago school economists are indeed open to a genuine free market in money, says Karl-Friedrich Israel in his reply to Salin. But Chicago's instrumentalism presents a problem.
The Monetary Economics of the Austrian School and the Chicago School
Pascal Salin thinks of the monetary economics of the Austrian and Chicago schools as modern versions of the classical price specie flow theory, and suggests reconciliations between the two.
