Quarterly Journal of Austrian Economics

This ambitious new book on the foundations of money and monetary institutions is an impressive interdisciplinary exercise.

Finance Behind the Veil of Money takes the minority view that opportunity costs are not only unnecessary but even unhelpful to understanding choice.

America’s Bank is a mixed bag. Lowenstein ignores history and tells the narrative from a central bank bias when there were rival reforms at play.

The book is informative about inflation in all periods of human history, and researchers looking for concise overviews will find much use in it.

This approach to costs and action allows for a praxeological explanation of originary interest avoiding shortcomings of traditional Austrian analysis.

There is an emerging literature on the subject of skyscrapers and business cycles. We present new empirical evidence supporting the skyscraper curse.

I fear we will make little progress politically or economically if the attachment to emotionalism does not change in favor of economic realism.

The most substantial difference between our views comes from Braun’s treatment of the relationship between opportunity cost and choice.

My need to comment on Dr. Howden’s review has to do with the fact that he misrepresents my position on a point that is central in my book.

David Rapp was the first to analyze the German Banking Restructuring Act from a business economics perspective, based upon Austrian insights.