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: _Austrian Theory of Capital and Business Cycle_: _A Modern Approach_
Paul Cwik reviews Pavel Potuzak's _Austrian Theory of Capital and Business Cycle: A Modern Approach_
The Use and Abuse of Equilibrium Analysis: A Response to Jonathan Newman
Przemysław Rapka argues that Jonathan Newman's critique of the concept of sticky prices and monetary disequilibrium abuses the concepts of the plain state of rest and total demand analysis.
Controversy on COVID-19 Models of Communication and Management: Visible Fist (Bureaucratic Coaction) versus Invisible Hand (Social Coordination)
Economic analysis of the controversy over COVID-19 models of communication and management illuminates the problems of interventionism.
The Development and Application of the Disutility of Labor in Marginalist Theory
Mises's thoughts on the disutility of labor changed from Jevons-like to one similar to Wicksteed and Green's. But both are at odds with Mengerian marginal analysis, say this paper's authors.
Sequestered Capital: An Overlooked Lacuna in the Capital Structure
Integrating sequestered capital into Austrian capital theory would protect against criticisms from theories based on animal spirits or irrational exuberance, says James McClure.
A Simple Model of the Demand for Money and the Demand for Secondary Media of Exchange
The existence and importance of secondary media of exchange (close substitutes for money) can be considered a proxy for the quality of money, says Kristoffer Mousten Hansen.
