Quarterly Journal of Austrian Economics

Displaying 81 - 90 of 690

More Than Quibbles: Problems with the Theory and History of Fractional Reserve Free Banking

The FedMoney and Banking

06/18/2019Quarterly Journal of Austrian Economics
Are holders of banknotes implicitly lending funds to the issuing bank? Do historical periods of relatively free banking illustrate the stability of the system? A response to Bagus and Howden.
Read More

Review: The Problem of Production: A New Theory of the Firm

Production Theory

05/09/2019Quarterly 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."
Read More

On Conceptualizing Risk: Breaking the Dichotomy between Knightian Risk and Uncertainty

Austrian Economics OverviewEntrepreneurship

05/07/2019Quarterly 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
Read More

Review: The High Cost of Good Intentions: A History of U.S. Federal Entitlement Programs

Bureaucracy and RegulationU.S. History

05/04/2019Quarterly Journal of Austrian Economics
Entitlement programs have worsened the problems they were designed to solve and are now giving out massive subsidies to the non-poor.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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

PDF icon PDF (26.52 KB)
Read More

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.
Read More
Shield icon library