Winter 2013 Issue of QJAE Now Online

01/30/2014 Mises Wire David Howden

Featured in this issue of the Quarterly Journal of Austrian Economics (Vol. 16, No. 4):

The Marginal Efficiency of Capital by Edward W. Fuller
How Entrepreneurship Theory Created Economics by Christopher Brown and Mark Thornton
Driving the Market Process: “Alertness” Versus Innovation and “Creative Destruction” by Samuel Bostaph
Legal Monocentrism and the Paradox of Government by Jakub Bozydar Wisniewski
Sunk Costs and Contestable Markets by Mateusz Machaj

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Latest Articles

If Employment Is So Strong, Why Is McDonald’s Slashing Prices?

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This is all a reminder that one should never take what Fed mouthpieces say as reliable insights into present or future economic trends.

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Since the Progressive Era, American foreign policy has seen one military intervention after another, leading to disastrous consequences. Historian Charles A. Beard understood the dangers and futility associated with these interventionist policies.

Lincoln’s Distortion of the Declaration of Independence

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In the Gettysburg Address, Abraham Lincoln offered an interpretation of the Declaration of Independence which reinterpreted a declaration of secession into a justification for crushing secession.

Review: Inflation and the Family: A Book Almost 300 Years in the Making

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While Cantillon used the effects on family life to illustrate monetary theory, Degner lingers to employ sound monetary theory to trace out the effects on the family.

The Lisa Cook Scandal: The Endgame for Trump Is More Easy Money

08/21/2025 Power & Market Ryan McMaken

Let’s hope Trump succeeds in destroying the reputation of the Fed, but let’s also hope Trump doesn’t succeed in stacking the Fed with his own people.

Meet the Writer

David Howden

Dr. David Howden is Chair of the Department of Business and Economics, and professor of economics, at Saint Louis...

Call for Papers: 9th Annual Madrid Conference on Austrian Economics

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The Universidad Rey Juan Carlos is gearing up for its prestigious 9th Annual Madrid Conference on Austrian Economics, taking place on October 23-24, 2025 in Madrid. This event marks nearly a decade of...

Banking

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David Howden reveals how banking, especially fractional reserves and central bank manipulations, creates instability and inflation.

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