Quarterly Journal of Austrian Economics

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The Relevance of Bitcoin to the Regression Theorem: A Reply to Luther

BitcoinMoney and Banks

07/24/2020Quarterly Journal of Austrian Economics
Does the emergence of bitcoin invalidate the regression theorem? William Luther argues that it does, but Pickering here contends that Luther's view misinterprets the regression theorem.
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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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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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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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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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The Quality of Money

Monetary TheoryValue and Exchange

02/07/2020Quarterly Journal of Austrian Economics
Much has been written about the quantity of money and its effects on money’s purchasing power, but the quality of money has been neglected.
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The Origin of the Prolonged Economic Stagnation in Contemporary Japan: The Factitious Deflation and Meltdown of the Japanese Firm as an Entity

Monetary PolicyBusiness CyclesGold Standard

01/21/2020Quarterly Journal of Austrian Economics
While Otaki appropriately criticizes stimulus spending, he inexplicably attributes Japanese stagnation to the failure to follow Keynes.
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The Hindenburg Program of 1916: A Central Experiment in Wartime Planning

Big GovernmentWorld History

01/06/2020Quarterly Journal of Austrian Economics
The totalitarian ethos of the twentieth century, whether in the “mixed” version of the Hindenburg Program or the Bolshevik version of Lenin and Stalin, emerges from the will of individuals who propose to control their fellows.


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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.


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