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
Book Review: “Principios modernos de la economía del desarrollo: Teoría y práctica”
Victor Espinosa's "Modern Principles of Development Economics" highlights entrepreneurship and genuine savings as drivers of economic development, criticizes conventional development policies, and proposes institutional reforms to promote sustainable development.
Book Review: “Paper Soldiers: How the Weaponization of the Dollar Changed the World Order”
Who are the secretive Treasury officials who enforce government blacklists and dollar sanctions? Peter Earle reviews Saleha Mohsin's book on how the dollar came to be weaponized.
Failure in Fully Funded Pensions: Voluntary Exchange and Coercion
By stifling competition, regulation diminishes the capacity of pension markets to serve pension plan participants. The prevalence of private pension failure suggests an excess, not an insufficiency, of regulation.
The Natural Rate of Interest: Selected Conceptual Differences among Wicksell, Mises, and Woodford and Implications for Estimation and Monetary Policy
Wicksell rejected Mises's claim that the natural rate of interest and market interest rates may be interdependent, but evidence here supports several features of Mises’s business cycle theory.
The Essential Jesús Huerta de Soto: An Analysis of His Contributions to Economics and Social Thought
Prof Huerta de Soto’s contributions, though less well known among English-speaking Austrians, span economics, law, history, and political philosophy, establishing his work as among the most influential in Europe today.
Beyond Rationality: Exploring Neoclassical, Behavioral, and Austrian Approaches to Finance
Austrian investment theory emphasizes purposeful actions, learning, and individual judgment under uncertainty, in contrast to the static neoclassical and behavioral finance models.
