Quarterly Journal of Austrian Economics

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Institutions and Entrepreneurship: Pushing the Boundaries


12/11/2020Quarterly Journal of Austrian Economics
This article discusses the complementarities between New Institutional Economics and Austrian economics, which can advance our understanding of the relationship between institutions and entrepreneurship.
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Introduction to the Entrepreneurship Special Issue


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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Income and Substitution Effects: A Rejoinder to Professor Joseph Salerno

11/04/2020Quarterly Journal of Austrian Economics
Professor Joseph Salerno (2019) has commented on my recent reconstruction of the income effect from a causal-realist perspective (Israel, 2018b). In this rejoinder, I clarify my position and show that the main points of criticism in Salerno’s response are unfounded.
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Intra-Firm Coordination through Rule-Following and the Emergence of Hierarchy

Calculation and Knowledge

01/07/2020Quarterly Journal of Austrian Economics
Rule-following and hierarchy, as decision-making and coordination mechanisms, can enrich the Austrian theory of the firm.
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Interest Rates, Roundaboutness, and Business Cycles: An Empirical Study

Business CyclesMonetary TheoryMoney and Banking

01/07/2020Quarterly Journal of Austrian Economics
Can policy-induced deviations from the natural rate of interest increase roundaboutness in production? Mark Gertsen studies 28 developed economies using an ARDL model, and finds Austrian boom-bust dynamics.
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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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Is Garrison's Notion of "Secular Growth" Compatible With the Solow Growth Literature?

Capital and Interest TheoryOther Schools of Thought

04/02/2018Quarterly Journal of Austrian Economics
The present paper clarifies ambiguities from earlier discussions of whether Garrison’s usage of “secular growth” is more likely to resonate with a neoclassical or Austrian reader.
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Interest and the Length of Production: A Reply

Labor and WagesCapital and Interest Theory

12/07/2017Quarterly Journal of Austrian Economics
A lower interest rate does lead to building more of the capital structure supplemented by reallocation of labor into later stages of production.
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Is There Such a Thing As a Skyscraper Curse?

Austrian Economics OverviewBusiness Cycles

09/09/2016Quarterly Journal of Austrian Economics
There is an emerging literature on the subject of skyscrapers and business cycles. We present new empirical evidence supporting the skyscraper curse.
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IHS and the Rebirth of Austrian Economics: Some Reflections on 1974–1976

EducationMedia and CulturePolitical Theory

08/21/2014Quarterly Journal of Austrian Economics
Starting in 1974, the Institute for Humane Studies (IHS), based at that time in Menlo Park, California, began an ambitious plan to resurrect the then near to dead Austrian school of thought in economics.


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