Quarterly Journal of Austrian Economics

Displaying 1 - 10 of 877

Review of The Economic Theory of Costs: Foundations and New Directions

Calculation and KnowledgeCapital and Interest TheoryPricesValue and Exchange

02/13/2019Quarterly Journal of Austrian Economics
The Economic Theory of Costs contains valuable criticism of the standard neoclassical approach and some original ideas on how to develop causal-realist economics in the Mengerian tradition.
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Review of T.R.M. Howard: Doctor, Entrepreneur, Civil Rights Pioneer

The Entrepreneur

02/08/2019Quarterly Journal of Austrian Economics
T.R.M. Howard offers a corrective to overly simplistic narratives about the civil rights era and African-American history more generally.
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Review of Globalists: The End of Empire and the Birth of Neoliberalism

Other Schools of ThoughtPolitical Theory

02/07/2019Quarterly Journal of Austrian Economics
Slobodian merits great credit for his detailed account of Mises and Hayek’s interest in world federalism, but he fails to grasp the fundamental issue motivating what they said.
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The Price Determined by the Cost and Costs Determined by Prices: A Reply to Israel

Monetary Theory

02/07/2019Quarterly Journal of Austrian Economics
Machaj, a contributor to McCaffrey’s The Economic Theory of Costs , replies to Israel to clarify and develop his point on imputed value and price formation.
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The Place of Economic Calculation in the Economic Theory of Ludwig von Mises

SocialismCalculation and KnowledgeSubjectivism

02/06/2019Quarterly 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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The Second Socialist Calculation Debate: Comments at the 2018 Austrian Economics Research Conference

SocialismCalculation and Knowledge

02/06/2019Quarterly Journal of Austrian Economics
This article discusses the changes in Austrian economics stimulated by the Second Socialist Calculation Debate and suggests a direction for future research.
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On Conceptualizing Risk: A Comment on Hoffmann

Austrian Economics OverviewEntrepreneurship

02/06/2019Quarterly Journal of Austrian Economics
Méra argues in this comment that Hoffmann’s criticisms of the Misesian approach to risk and his case for an alternative are unconvincing.
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On Conceptualizing Risk: Breaking the Dichotomy between Knightian Risk and Uncertainty

Austrian Economics OverviewEntrepreneurship

02/05/2019Quarterly 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.
Formats
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The Great Leveling: A Note

Other Schools of Thought

02/05/2019Quarterly Journal of Austrian Economics
It is possible to have greater income equality and greater economic growth. It simply requires more free market policies and less government interventionism.
Formats
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Are Ownership Rent and Pure Profit Separate Returns to the Entrepreneur?

Calculation and KnowledgeEntrepreneurship

02/04/2019Quarterly 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 an return to unhirable labor and is separate and distinct from the profit earned by the owner in his entrepreneurial function...
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