Quarterly Journal of Austrian Economics

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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.
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Ownership, Scarcity, and Economic Decision Making

Calculation and Knowledge

03/12/2019Quarterly Journal of Austrian Economics
By improving our understanding of scarcity, we can greatly improve our understanding of economics overall.
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Review of T.R.M. Howard: Doctor, Entrepreneur, Civil Rights Pioneer

The Entrepreneur

03/05/2019Quarterly Journal of Austrian Economics
T.R.M. Howard was an entrepreneur and civil rights leader who offers a corrective to overly simplistic narratives about the civil rights era and African-American history more generally.
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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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The Second Socialist Calculation Debate: Comments at the 2018 Austrian Economics Research Conference

SocialismCalculation and Knowledge

02/28/2019Quarterly 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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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 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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