Review of Mises: The Last Knight of Liberalism, by Jörg Guido Hülsmann
Volume 15, No. 4 (Winter 2012)
Competition and the Economists
Volume 15, Number 4 (Winter 2012)
Misesian Praxeology: An Illustration from the Field of Sociology of Delinquency
Volume 15, Number 4 (Winter 2012)
Systemic Appraisal Optimism and Austrian Business Cycle Theory
Volume 15, Number 4 (Winter 2012)
Austrian business cycle theory (ABCT) has focused on the effect of interest rates set below the natural rate, leading to unwarranted attempts by businessmen to make more elaborate roundabout structures than can be completed by the available foregone consumption. This distorting effect is the main theme of the Austrian capital-based theory of the trade cycle.
In Counterfactuals We’re All Dead
Volume 15, Number 4 (Winter 2012)
Transitivity: A Comment on Block and Barnett
Volume 15, Number 4 (Winter 2012)
In response to Block and Barnett (2012), this paper clarifies some misunderstandings about the concept of transitivity and shows its relation to rationality, asynchronicity of choice, and indifference analysis. It is demonstrated that Block and Barnett, contrary to their self-interpretation, do not in fact attack transitivity but the assumption of stable preferences. It is argued that the stability of preferences assumption cannot be easily dismissed.
Review of Finance and the Good Society, by Robert J. Shiller
Volume 15, No. 4 (Winter 2012)
What defines a “good society” and how can we use finance to achieve it? Robert Shiller takes the former question as settled, and dedicates his new book Finance and the Good Society to the latter: what is wrong with modern finance, and how should it restructured to reach this ideal?
Overcertification and the NYCHA’s Clamor for a NYSE Clearinghouse
Volume 16, No. 1 (Spring 2013)
ABSTRACT: Bank clearinghouse associations provided critical emergency services to their member banks during times of crisis. However, these associations, and the New York City Bank Clearinghouse Association (NYCHA) in particular, also provided critical intra-day liquidity to the security settlement process of exchanges such as the New York Stock Exchange (NYSE) through a process termed overcertification.
