Quarterly Journal of Austrian Economics

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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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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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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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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

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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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A Brief Defense of Mises’s Conception of Time Preference and His Pure Time Preference Theory of Interest

Austrian Economics OverviewProduction Theory

01/29/2019Quarterly Journal of Austrian Economics
Money, Interest and the Structure of Production covers a broad range of topics in a manner that is intellectually courageous, provocative, and thought provoking.
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A BCT is not ABCT: A Rejoinder to Brian Simpson

Business Cycles

07/11/2018Quarterly Journal of Austrian Economics
When attempting to explicate a theory of the business cycle, it is important to identify between those components that are necessary features of the cycle and those that are merely incidental.
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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

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Are Markets Like Language?

Philosophy and Methodology

05/14/2018Quarterly Journal of Austrian Economics
Economics and language as fields of study overlap in ways that give economists a legitimate interest in both.
Formats

qjae1_3_2.pdf

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