Quarterly Journal of Austrian Economics

Displaying 11 - 20 of 690

Escaping Paternalism

PaternalismOther Schools of Thought

12/09/2020Quarterly Journal of Austrian Economics
David Gordon reviews Mario Rizzo and Glen Whitman's discussion of behavioral economics, which suggests we know much less about the prevalence of irrational choice than behavioral economists think we do.
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Finding the Entrepreneur-Promoter: A Praxeological Inquiry

EntrepreneurshipProduction Theory

12/09/2020Quarterly Journal of Austrian Economics
Rather than relying on the evenly rotating economy, this paper uses the imaginary construction of a specialization deadlock to define the entrepreneur-promoter, the pioneers of economic improvement, praxeologically.
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Introduction to the Entrepreneurship Special Issue

Entrepreneurship

12/08/2020Quarterly Journal of Austrian Economics
The Austrian school of economics has been all but left by the wayside in economics (e.g., Backhouse 2000). This fate, shared with all “heterodox” approaches that do not fully comply with mainstream dogma, means Austrian theory is at best discounted by other economists. More often, and typically, it...
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The Disutility of Labor

Production Theory

12/08/2020Quarterly Journal of Austrian Economics
Leisure (the state of not engaging in labor) is a necessary complementary good for consuming other goods. As such, leisure’s status as a consumer good is a priori true, not an empirical assumption.
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Autarkic Entrepreneurship

Entrepreneurship

12/08/2020Quarterly Journal of Austrian Economics
The autarkic economy—the economy of one—is not a mere analytic tool, but is a real and significant aspect of praxeology. The entrepreneurial function is prominent in the autarkic economy also.
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Carl Menger's Grundsätze as a Foundtion for Contemporary Entrepreneurship Research

Entrepreneurship

12/07/2020Quarterly Journal of Austrian Economics
Taking subjective value theory, the conception of economic goods, and the hierarchy of needs from Menger, this paper elaborates a model of strategic entrepreneurship.
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Austrian Perspectives on Entrepreneurship, Strategy, and Organization

12/04/2020Quarterly Journal of Austrian Economics
This book is a must-have for management and economics scholars whose research interests include Austrian economics, entrepreneurship, strategy, and organization.
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The Marginal Revolutionaries: How Austrian Economists Fought the War of Ideas

Book Reviews

11/19/2020Quarterly Journal of Austrian Economics
Before I had read less than a hundred pages of this book, I surmised that the author was not an economist and definitely not an economist who had any “Austrian School” affiliation. Instead, I was sure he was an historian.
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The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy

Book Reviews

11/05/2020Quarterly Journal of Austrian Economics
The good news is that Stephanie Kelton—economics professor at Stony Brook and advisor to the 2016 Bernie Sanders campaign—has written a book on modern monetary theory that is very readable, and will strike many readers as persuasive and clever. The bad news is that Stephanie Kelton has written a...
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The Disutility of Labor: A Comment on Fegley and Israel

Philosophy and Methodology

11/04/2020Quarterly Journal of Austrian Economics
We can easily imagine a world in which leisure does not represent the opportunity cost of labor, and that Mises and Rothbard have been misconstrued.
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