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
An Austrian View on Risk and Its Quantification: A Reply to Hering, Olbrich, and Rapp
Turowska offers improvements to her earlier contribution in Kruk (2020), suggesting that scenario analysis is not a viable solution to the problem of calculating investment profitability.
What Is Inflation? Clarifying and Justifying Rothbard’s Definition
Is inflation an increase in the supply of money not offset by an increase in the demand, or an increase of fiduciary media? Hansen and Newman argue for the latter.
Publication Activity in Austrian Journals, 2011–20
Robert Mulligan appraises the Austrian school's progress over 10 years, using counts of publications in the academic journals of the Austrian school.
Is It Money Because It Is Redeemed in Tax Payments? A Response to Kelton and Wray
Per Bylund responds to Randall Wray and Stephanie Kelton, pointing out the errors in the chartist position espoused primarily by MMT proponents.
Externalities and the State
Failure to enforce property rights is far from the only way in which government gives rise to externalities. Indeed, most actions of the government actually cause externalities.
The Austrian School and Mathematics: Reconsidering Methods in Light of Complexity Economics
Should complexity economics cause us to reevaluate the Austrian school's historical position on the role of mathematics in economics? Vicente Moreno-Casas argues that Austrian economists can use algorithmic mathematics.
