Quarterly Journal of Austrian Economics

Displaying 1 - 10 of 72

Review: Unprofitable Schooling: Examining Causes of, and Fixes for, America’s Broken Ivory Tower

Book ReviewsEducation

06/20/2020Quarterly Journal of Austrian Economics
Unprofitable Schooling is the go-to book for anyone who wants to understand, in depth, the debates raging about why, and even whether, the academy is in such a sorry state.
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Ribatarianizumu: Amerika wo yurugasu jiyūshijōshugi (Libertarianism: The Ultrafreedomism Shaking Up America, published only in Japanese)

Book ReviewsWorld History

05/21/2020Quarterly Journal of Austrian Economics
Yasushi’s fine introduction to libertarianism—a phrase which is translated even more provocatively as “ultra-do-whatever-you-want-ism” ( jiyūshijōshugi )—has turned out to be one of this year’s steady sellers in Japan.
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Discovering Markets

Calculation and KnowledgePrices

05/20/2020Quarterly Journal of Austrian Economics
Winning narratives shape market prices until their victory is confirmed by the facts or they are discredited by facts and replaced by new narratives.
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The Origin of the Prolonged Economic Stagnation in Contemporary Japan: The Factitious Deflation and Meltdown of the Japanese Firm as an Entity

Monetary PolicyBusiness CyclesGold Standard

01/21/2020Quarterly Journal of Austrian Economics
While Otaki appropriately criticizes stimulus spending, he inexplicably attributes Japanese stagnation to the failure to follow Keynes.
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Desocialization of Enterprises: Empowering Venezuelans

SocialismPrivate Property

11/26/2019Quarterly Journal of Austrian Economics
How can state enterprises in Venezuela be desocialized? What would a privatization law look like for Venezuela? The authors describe a proposal to move Venezuela toward free markets.
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Confucian Capitalism: Shibusawa Eiichi, Business Ethics, and Economic Development in Meiji Japan

World HistoryOther Schools of Thought

06/19/2019Quarterly Journal of Austrian Economics
Jason Morgan reviews John Sagers' book on Shibusawa Eiichi, often called the "father of Japanese capitalism." Was Shibusawa truly a capitalist, or just a "crony capitalist"?
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More Than Quibbles: Problems with the Theory and History of Fractional Reserve Free Banking

The FedMoney and Banking

06/18/2019Quarterly Journal of Austrian Economics
Are holders of banknotes implicitly lending funds to the issuing bank? Do historical periods of relatively free banking illustrate the stability of the system? A response to Bagus and Howden.
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Review: The Problem of Production: A New Theory of the Firm

Production Theory

05/09/2019Quarterly Journal of Austrian Economics
Per Bylund's new book makes a compelling Austrian argument that firms precede markets, and creates what reviewer Mateusz Machaj calls "an unlocking theory of the firm."
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Ownership, Scarcity, and Economic Decision Making

Calculation and Knowledge

03/12/2019Quarterly Journal of Austrian Economics
By improving our understanding of scarcity, we can greatly improve our understanding of economics overall.
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The Price Determined by the Cost and Costs Determined by Prices: A Reply to Israel

Monetary Theory

02/07/2019Quarterly Journal of Austrian Economics
Machaj, a contributor to McCaffrey’s The Economic Theory of Costs , replies to Israel to clarify and develop his point on imputed value and price formation.
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