Quarterly Journal of Austrian Economics

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Discovering Markets

Calculation and KnowledgePrices

05/20/2020Quarterly Journal of Austrian Economics
Winning narratives shape market prices until their victory is confirmed by the facts or they are discredited by facts and replaced by new narratives.
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Desocialization of Enterprises: Empowering Venezuelans

SocialismPrivate Property

11/26/2019Quarterly Journal of Austrian Economics
How can state enterprises in Venezuela be desocialized? What would a privatization law look like for Venezuela? The authors describe a proposal to move Venezuela toward free markets.
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Division of Labor and Society: The Social Rationalism of Mises and Destutt de Tracy

History of the Austrian School of EconomicsPraxeology

12/19/2018Quarterly Journal of Austrian Economics
Mises’s unique social theory does not appear to have had any precursors. However, the French liberal Destutt de Tracy, is one author who preceded and shared Mises’s rationalist views on society.
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Does Justice Qualify as An Economic Good?: A Böhm-Bawerkian Perspective

Legal SystemHistory of the Austrian School of Economics

09/20/2018Quarterly Journal of Austrian Economics
Böhm-Bawerk unerringly centered his analysis on basic problems in the theory of economic goods. It constitutes a dazzling achievement.


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Deflation and Economic Growth: The Great Depression as the Great Outlier

Booms and BustsMoney and Banking

12/06/2017Quarterly Journal of Austrian Economics
The Great Depression is the only period where deflation seems to be strongly associated with recession.
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Disaggregating the Credit Expansion: The Role of Changes in Banks' Asset Structure in the Business Cycle

Business CyclesMoney and Banking

11/17/2015Quarterly Journal of Austrian Economics
The aim of the article is to refine the Austrian business cycle theory by discussing the effect of changes in banks’ asset structure on the business cycle.
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Driving the Market Process: "Alertness" Versus Innovation and "Creative Destruction"

The EntrepreneurEntrepreneurship

08/21/2014Quarterly Journal of Austrian Economics
This paper summarizes and compares the theories of entrepreneurship of Joseph A. Schumpter and Israel M. Kirzner as presented in their major scholarly contributions to economic analysis.


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Deflation and Economic Growth

Booms and BustsBusiness Cycles

10/09/2006Quarterly Journal of Austrian Economics
Joseph T. Salerno (2003) argues economic growth has occurred in periods of deflation. The Austrian School’s broad understanding of deflation is underscored by the four definitions offered by Salerno.


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Deflation: When Austrians Become Interventionists

Booms and BustsMoney and BanksBusiness CyclesMoney and Banking

07/20/2005Quarterly Journal of Austrian Economics
This paper examines what Austrian economists think about deflation and offers a critique of their views. This seems to be of particular importance because Austrians differ in their opinions about deflation,


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Dynamic Monetary Theory and the Phillips Curve with a Positive Slope

Monetary Theory

07/30/2014Quarterly Journal of Austrian Economics
Don Bellante and Roger W. Garrison (1988) compared two alternative explanations of monetary dynamics: those based on a vertical long-run Phillips curve and those derived from analysis of Hayekian triangles.


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