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Edward W. Fuller

Works Published inQuarterly Journal of Austrian Economics

Edward Fuller, MBA, is a graduate of the Leavey School of Business.

All Works

Socialized Medicine: An Accounting Perspective



A healthcare system based on profit-and-loss is the only way to progressively improve the price, quantity, and quality of healthcare.

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Can Double-Entry Bookkeeping Save the World?

World History

Accounting is rarely held up as a terribly exciting topic, but in many ways, good accounting makes capitalism and economic progress possible.
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The Marginal Efficiency of Capital: Rejoinder

Capital and Interest Theory

04/30/2015Quarterly Journal of Austrian Economics
This is a rejoinder to “The Marginal Efficiency of Capital: Comment” by Lucas M. Engelhardt. Engelhardt incorrectly ranks investment projects by Present Value instead of Net Present Value.
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Garrison on Keynes

Calculation and Knowledge

04/30/2015Quarterly Journal of Austrian Economics
Garrison has given economists a useful way to illustrate Keynes’s theory, but there are two fundamental problems with Garrison’s interpretation.
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The Marginal Efficiency of Capital

Capital and Interest Theory

08/21/2014Quarterly Journal of Austrian Economics
The purpose of this paper is to explain the marginal efficiency of capital. The net present value diagram is derived and used to illustrate how the interest rate regulates the intertemporal allocation of resources.


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