Quarterly Journal of Austrian Economics

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Review: The Bitcoin Standard: The Decentralized Alternative to Central Banking

BitcoinMonetary PolicyGold Standard

07/21/2020Quarterly Journal of Austrian Economics
This book is a rarity: a reasonable treatment of bitcoin from the point of view of Austrian economics.
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The Menger-Mises Theory of the Origin of Money — Conjecture or Economic Law?

History of the Austrian School of EconomicsMonetary Theory

06/18/2019Quarterly Journal of Austrian Economics
Is the standard Austrian theory of the origin of money "conjectural history"? Kristoffer Hansen's response to Gary North's counter-interpretation of the theory of the origin of money.
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On Conceptualizing Risk: Breaking the Dichotomy between Knightian Risk and Uncertainty

Austrian Economics OverviewEntrepreneurship

05/07/2019Quarterly Journal of Austrian Economics
What are the different concepts of financial risk? How do Austrian economists conceive of risk, uncertainty, and probability? Christian Hoffmann, parting ways with Mises, provides a taxonomy and cautions about the predominance of probability statistics in the realm of economics and finance.
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Is the Virus of International Macroeconomic Interventionism Infectious? An ABCT Analysis

Austrian Economics OverviewBusiness Cycles

04/15/2019Quarterly Journal of Austrian Economics
Can credit expansion in one part of the world infect a laissez-faire economy with a boom-bust cycle? Block, Engelhardt, and Herbener argue that the laissez-faire economy is largely sheltered.
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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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A Better Red: The Transition from Communism to Coca-Cola in Romania

Big GovernmentWorld History

04/13/2019Quarterly Journal of Austrian Economics
After the fall of the Berlin Wall, the newly freed former communist states welcomed companies like Coca-Cola, which brought both capital and managerial skill to economies ruined by communism.
Formats

qjae2_2_3.pdf

PDF icon PDF (26.52 KB)
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The Place of Economic Calculation in the Economic Theory of Ludwig von Mises

SocialismCalculation and KnowledgeSubjectivism

03/20/2019Quarterly Journal of Austrian Economics
The marginalist revolution posed a fundamental problem for economic theory. Mises’s approach not only solved the problem of economizing resources in a division of labor, but provides a robust framework for economic research.
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Bastiat's Legacy in Economics

History of the Austrian School of Economics

03/15/2019Quarterly Journal of Austrian Economics
Bastiat’s great themes — harmony rather than equilibrium, property versus spoliation, and property and value — have been almost completely neglected in professional economic science during the unfortunate twentieth century.
Formats

qjae4_4_3.pdf

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A Realist Approach to Equilibrium Analysis

Value and Exchange

05/16/2018Quarterly Journal of Austrian Economics
This article offers an entirely realistic account of equilibrium analysis, thus closing a disturbing gap in economic science. Human choice involves a dichotomy of success and failure.
Formats

qjae3_4_1.pdf

PDF icon PDF (139.55 KB)
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Optimal Monetary Policy

Monetary Theory

11/15/2017Quarterly Journal of Austrian Economics
The competitive production of money can work and has worked well in all known historical cases.
Formats

qjae6_4_4.pdf

PDF icon PDF (112.48 KB)
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