Quarterly Journal of Austrian Economics

Displaying 1 - 10 of 691

An Outline of a Praxeological Theory of Politics

Institute PublicationsJune 6, 2015
This paper provides an outline of politics, and argues that elements of an a priori theory of politics can be found in the writings of Austrian school scholars, although they have not yet been grouped under a specific field.

Read more

Review of The Forgotten Depression by James Grant

Institute PublicationsApril 30, 2015
James Grant proposes that the last time US government did not prescribe the now standard cure for economic slumps consisting of fiscal stimulus and easy money was the downturn of 1920–1921. Grant’s purpose is to test the efficacy of this medicine by checking what happened when it was...

Read more

Review of Sweden and the Revival of the Capitalist Welfare State by Andreas Bergh

Institute PublicationsApril 30, 2015
Sweden and the Revival of the Capitalist Welfare State is a well-researched book on the rise, fall, and return of the world-renowned Swedish welfare state.

Read more

The Marginal Efficiency of Capital: Rejoinder

Institute PublicationsApril 30, 2015
This is a rejoinder to “The Marginal Efficiency of Capital: Comment” by Lucas M. Engelhardt. Engelhardt incorrectly ranks investment projects by Present Value instead of Net Present Value...

Read more

Review of The Origins, History, and Future of the Federal Reserve: A Return to Jekyll Island by Michael D. Bordo and William Roberds

Institute PublicationsApril 30, 2015
Recently the Federal Reserve reached its one hundred year anniversary. This milestone provided a nice occasion for economists to analyze the Fed’s performance in the past century...

Read more

The Marginal Efficiency of Capital: Reply to Fuller’s Rejoinder

Institute PublicationsApril 30, 2015
This is a brief reply to “The Marginal Efficiency of Capital: Rejoinder.”...

Read more

Austrian Environmental Economics Redux: A Reply to Art Carden and Walter Block

Institute PublicationsApril 30, 2015
This short article emphasizes the importance of an institutional framework for environmental mass torts, without which a strict application of libertarian ethics leads to corner solutions in which there is a coordination failure.

Read more

The Plucking Model, the Great Recession, and Austrian Business Cycle Theory

Institute PublicationsApril 30, 2015
This brief note points out that Milton Friedman’s “Plucking Model” has not held following the Great Recession...

Read more

Austrian Business Cycle Theory: Evidence from Kansas Agriculture

Institute PublicationsApril 30, 2015
The popularity of the Austrian Business Cycle Theory (hereafter ABCT) continues to grow in both the popular press and the mainstream of the economics profession.

Read more

Garrison on Keynes

Institute PublicationsApril 30, 2015
Garrison has given economists a useful way to illustrate Keynes’s theory, but there are two fundamental problems with Garrison’s interpretation...

Read more