Quarterly Journal of Austrian Economics

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Review: Prosperity and Liberty: What Venezuela Needs…

Economic FreedomFree MarketsSocialism

06/30/2020Quarterly Journal of Austrian Economics
David Gordon reviews Prosperity and Liberty , a compilation of essays on Venezuela's wrecked economy and plans for reconstruction, edited by Rafael Acevedo.
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An Overlooked Scenario of "Reswitching" in the Austrian Structure of Production

Business CyclesCapital and Interest TheoryProduction Theory

05/21/2020Quarterly Journal of Austrian Economics
Reswitching indicates that the average production period is not necessarily a decreasing function of the interest rate. Granot's generic model of the structure of production shows behavior resembling reswitching.
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The Great Reversal: How America Gave Up on Free Markets

Book ReviewsFree MarketsU.S. History

05/21/2020Quarterly Journal of Austrian Economics
According to Philippon, in some industries Europe has a freer market than America does. The solution is somehow more regulation.
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Socialism Sucks: Two Economists Drink Their Way through the Unfree World

Book Reviews

05/21/2020Quarterly Journal of Austrian Economics
Lawson and Powell have had the happy idea of presenting elementary economics in a humorous way that will appeal to those “turned off” by serious and sober scholarship.
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The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society

Book Reviews

05/21/2020Quarterly Journal of Austrian Economics
Binyamin Appelbaum, the main writer on economics for the New York Times , thinks that economics was appropriately progressive—favoring severe market restrictions—in the first half of the twentieth century. All this changed in the fifties.
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The Marginal Revolutionaries: How Austrian Economists Fought the War of Ideas

CapitalismHistory of the Austrian School of Economics

05/21/2020Quarterly Journal of Austrian Economics
David Gordon reviews Janek Wasserman's "The Marginal Revolutionaries" and finds some concerning errors and misunderstandings.
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Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly

Book Reviews

05/20/2020Quarterly Journal of Austrian Economics
David Gordon reviews John Quiggin's "Economics in Two Lessons," an effort to correct Hazlitt's "Economics in One Lesson" by adding "important truths about the limitations of the market."
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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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People, Power, and Profits: Progressive Capitalism for an Age of Discontent

CapitalismProgressivism

01/22/2020Quarterly Journal of Austrian Economics
George Stiglitz professes great concern for the poor, while arguing that most people require control by enlightened experts such as himself.
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