This article examines the development program during Mohammad Reza Shah Pahlavi’s period, and its relationship with modernization theory, as a case study of modernization theory’s relationship with statism.

How might we reconcile the regression theorem with the emergence of bitcoin? Luther responds to Pickering’s argument that the “purpose and requirements of the regression theorem” have been misinterpreted.

Newman responds: the plain state of rest is, as Mises said, “a faithful description of what comes to pass in the market at every instant,” not a narrow, contrived construct.

Krzysztof Turowski reviews Nancy Cartwright et al.’s book, The Tangle of Science. What can Austrian economists learn from a philosophical perspective seemingly completely alien to their own?

Matthew McCaffrey reviews Wennberg and Sandström’s collection of essays responding to government “industrial policy,” offering insights on entrepreneurship, innovation, and the entirely predictable consequences of government attempts to manage them.

The existence and importance of secondary media of exchange (close substitutes for money) can be considered a proxy for the quality of money, says Kristoffer Mousten Hansen.

Integrating sequestered capital into Austrian capital theory would protect against criticisms from theories based on animal spirits or irrational exuberance, says James McClure.

Mises’s thoughts on the disutility of labor changed from Jevons-like to one similar to Wicksteed and Green’s. But both are at odds with Mengerian marginal analysis, say this paper’s authors.

Economic analysis of the controversy over COVID-19 models of communication and management illuminates the problems of interventionism.