Quarterly Journal of Austrian Economics

Displaying 1 - 10 of 885

Homogeneity, Heterogeneity, the Supply Curve, and Consumer Theory

Subjectivism

04/17/2019Quarterly Journal of Austrian Economics
What does it mean for two goods to be the "same good"? Wysocki and Block argue that Austrian subjectivism leads to the possibility of perfect economic homogeneity or heterogeneity.
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Review of The Problem of Production: A New Theory of the Firm

Production Theory

04/17/2019Quarterly Journal of Austrian Economics
Per Bylund's new book makes a compelling Austrian argument that firms precede markets, and creates what reviewer Mateusz Machaj calls "an unlocking theory of the firm."
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Review of The High Cost of Good Intentions: A History of U.S. Federal Entitlement Programs

Bureaucracy and RegulationU.S. History

04/17/2019Quarterly Journal of Austrian Economics
Mark Thornton reviews John Cogan's history of failed entitlement programs in the US, from veterans' benefits of the War for Independence to today's damaging but inexorably expanding welfare programs.
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Review of Theoria Generalis: Das Wesen des Politischen

Political Theory

04/17/2019Quarterly Journal of Austrian Economics
In his massive work, Hintze uses Mises extensively to create a theory of the state and attacks anarcho-capitalism. He suggests local government, arguing that modern liberal democracies have failed.
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The Income Effect Reconsidered

Prices

04/15/2019Quarterly Journal of Austrian Economics
There is a type of income effect in Austrian or causal-realist price theory, and the difference between neoclassical and Austrian microeconomics is smaller than has been portrayed, says Karl-Friedrich Israel.
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Is the Virus of International Macroeconomic Interventionism Infectious? An ABCT Analysis

Austrian Economics OverviewBusiness Cycles

04/15/2019Quarterly Journal of Austrian Economics
Can credit expansion in one part of the world infect a laissez-faire economy with a boom-bust cycle? Block, Engelhardt, and Herbener argue that the laissez-faire economy is largely sheltered.
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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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The Place of Economic Calculation in the Economic Theory of Ludwig von Mises

SocialismCalculation and KnowledgeSubjectivism

03/20/2019Quarterly 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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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.
Formats

qjae4_4_3.pdf

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