Quarterly Journal of Austrian Economics

Displaying 1 - 10 of 63

The Wealth Effect and the Law of Demand: A Comment on Karl-Friedrich Israel

Capital and Interest Theory

05/21/2020Quarterly Journal of Austrian Economics
Addressing a problem that Karl-Friedrich Israel perceived in Salerno's chapter "The 'Income Effect' in Causal-Realist Price Theory," Salerno contends that Israel's resolution implies a denial of the law of demand.
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Banking and Monetary Policy from the Perspective of Austrian Economics

Book ReviewsAustrian Economics Overview

05/21/2020Quarterly Journal of Austrian Economics
The editors are to be heartily congratulated for putting together this book, which covers an impressive range of topics in monetary economics from an explicitly Austrian perspective.
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A Note on Some Recent Misinterpretations of the Cantillon Effect

Central BanksInflationMonetary PolicyCantillon

05/21/2020Quarterly Journal of Austrian Economics
Sieroń comments on Book and Sumner regarding the Cantillon effect, arguing that the Austrian analysis of the Cantillon effect is correct.
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Over the Cliff: How Brazil’s 2004–2016 Business Cycle Became Its Worst Recession in a Century

Monetary PolicyBusiness CyclesPrices

01/22/2020Quarterly Journal of Austrian Economics
Brazil's most severe recession in over a century, which lasted over two years and saw unemployment of nearly 12 percent, offers empirical support for the Austrian business cycle theory.
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On Understanding France and the French Situation

SocialismInterventionism

01/22/2020Quarterly Journal of Austrian Economics
Pascal Salin investigates the contrast between French collectivism and it production of liberal intellectuals.
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The Place of Human Action in the Development of Modern Economic Thought

Austrian Economics OverviewPolitical Theory

12/25/2019Quarterly Journal of Austrian Economics
The core of any system of economic theory is the explanation of how prices are determined.
Formats

qjae2_1_3.pdf

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Are Ownership Rent and Pure Profit Separate Returns to the Entrepreneur?

Calculation and KnowledgeEntrepreneurship

03/01/2019Quarterly Journal of Austrian Economics
This paper elaborates and defends the concept of owner's rent as a return to the technical decision-making function of the owner of the firm. It argues that owner's rent is a return to unhirable labor and is separate and distinct from the profit earned by the owner in his entrepreneurial function...
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Response to a Review of Money, Banking, and the Business Cycle

Austrian Economics OverviewBusiness Cycles

01/29/2018Quarterly Journal of Austrian Economics
I discuss the effect of changes in interest rates versus changes in the rate of profits, and criticisms of Objectivist philosophy, and other criticisms.
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Labor Market Effects in the Austrian Business Cycle Theory

Business CyclesMonetary Theory

01/29/2018Quarterly Journal of Austrian Economics
An open question in the Austrian business cycle theory is how labor markets across the structure of production react to broader changes in the economy.
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