Quarterly 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.

Quarterly Journal of Austrian Economics 18, no. 2 (Summer 2015 ) Symposium: Is There A Missing Element in Economics? ABSTRACT: John Mueller claims that Austrian economics does not have the tools to explain the economy. His major criticism against...

This paper identifies merger waves as parts of Austrian-type business cycles. According to Austrian business cycle theory, when loan rates are reduced below their natural level through bank credit expansion, this falsifies the monetary calculation of capitalist-entrepreneurs, and investments are...

In the nineteenth century, scholars trained in both mathematics and political economy began to construct economic theory in mathematical form.