Quarterly Journal of Austrian Economics

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The Macroeconomic Models of the Austrian School: A History and Comparative Analysis

Austrian Economics OverviewBusiness Cycles

03/30/2020Quarterly Journal of Austrian Economics
Three Austrian macroeconomic models—those of Böhm-Bawerk, Hayek, and Garrison, are reviewed and compared. At a general level, they share several important characteristics.
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Brazilian States’ Economic Freedom Index: Applying Fraser’s Methodology for 2003–2016 Data

Economic FreedomTaxes and SpendingInterventionism

01/22/2020Quarterly Journal of Austrian Economics
The Fraser Institute's Economic Freedom of North America report provides the method of evaluating the economic freedom of Brazilian states. Results suggest that Brazilian states' freedom scores have been declining.
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Negative Inflation Targeting: A Proposal of a Non-Distortionary Monetary Policy

Business CyclesMonetary TheoryMoney and Banking

01/06/2020Quarterly Journal of Austrian Economics
Tomáš Frömmel contends that a negative inflation target combined with the Taylor Rule can be a non-distortionary monetary policy consistent with Austrian business cycle theory.
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Are Structural Fluctuations Natural or Policy-Induced? Analyzing Mises's and Schumpeter's Contributions to Business Cycle Theory

Business Cycles

10/29/2019Quarterly Journal of Austrian Economics
A closer look at differences between Mises's and Schumpeter's economic theories suggests that their fundamental divergences have their origin in methodological and epistemological questions.
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Keynes and the Ethics of Socialism

SocialismOther Schools of ThoughtPhilosophy and Methodology

10/02/2019Quarterly Journal of Austrian Economics
The previously unexplored evidence presented here confirms that Keynes advocated a consistent form of non-Marxist socialism from no later than 1907 until his death in 1946.
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Agree or Disagree? On the Role of Negotiations for the Valuation of Business Enterprises

Philosophy and MethodologySubjectivismValue and Exchange

04/15/2019Quarterly Journal of Austrian Economics
Valuation of businesses must be based on appraisement, investment appraisal, and— terra incognita in Austrian economics—negotiation. Discounted cash flow and "relative valuation" methods are well-suited for negotiation purposes.
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Review of Living Economics: Yesterday, Today, and Tomorrow by Peter Boettke

Austrian Economics Overview

01/11/2017Quarterly Journal of Austrian Economics
This is a book about the general applicability of economics and how it “affects all walks of life.”
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Garrison on Keynes

Calculation and Knowledge

04/30/2015Quarterly Journal of Austrian Economics
Garrison has given economists a useful way to illustrate Keynes’s theory, but there are two fundamental problems with Garrison’s interpretation.
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The Marginal Efficiency of Capital: Rejoinder

Capital and Interest Theory

04/30/2015Quarterly Journal of Austrian Economics
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.
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The Marginal Efficiency of Capital

Capital and Interest Theory

08/21/2014Quarterly Journal of Austrian Economics
The purpose of this paper is to explain the marginal efficiency of capital. The net present value diagram is derived and used to illustrate how the interest rate regulates the intertemporal allocation of resources.


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