Austrian Economics and the Mainstream: View from the Boundary
Volume 3, No. 2 (Summer 2000)
Austrian Journals: A Critique of Rosen, Yeager, Laband and Tollison, and Vedder and Gallaway
Volume 3, No. 2 (Summer 2000)
Review of The Hayek-Keynes Debate: Lessons for Current Business Cycle Research, by John P. Cochran and Fred R. Glahe
The Market: Ethics, Knowledge, and Politics, by John O’Neill
Volume 3, No. 2 (Summer 2000)
Review of Dinero, Crédito Bancario y Ciclos Económicos. by Jesús Huerta de Soto
Volume. 3, No. 2 (Summer 2000)
Review of Black 47 and Beyond: The Great Irish Famine in History, Economy, and Memory, by Cormac O Gráda
Volume. 3, No. 2 (Summer 2000)
A Realist Approach to Equilibrium Analysis
Volume 3, No. 4 (Winter 2000)
Economic science, as handed down to us from Menger and Mises, explains observed human behavior by referring to other features of the real world. Both the phenomenon to be explained and the explanation itself are thus strictly realistic—a charm and advantage of the Menger-Mises approach as compared to other approaches.
Review of In Restraint of Trade: The Business Campaign Against Competition, 1918-1938 by Butler Shaffer
Volume 3, No. 4 (Winter 2000)
Manuel Castells and the Decline of Twentieth-Century Sociology
Volume 3, No. 4 (Winter 2000)
The Mystery of the Money Supply Definition
Volume 3, No. 4 (Winter 2000)
According to mainstream economics, the validity of various definitions of money can be ascertained by means of a statistical test. What determines whether money M1, M2, and the other Ms are valid definitions is how well they correlate with national income. Most economists hold that, since the early 1980s, correlations between various definitions of money and national income have broken down. The reason for this breakdown, it is held, is that financial deregulation has made the demand for money unstable.
