Quarterly Journal of Austrian Economics

Engelhardt’s analysis implicitly assumes away the presence of diminishing returns. Diminishing returns have long been at the heart of growth theory 

This paper seeks to explore and to critically evaluate, from an economic standpoint, Joseph Schumpeter’s theory of the decline of capitalism, as put forward in his Capitalism, Socialism, and Democracy. 

This paper explains how grants of monopolistic privileges to capitalists can lower labor and land factors’ prices compared to what would prevail in a free market environment.

Larry was a committed Austrian economist and passionate defender of the liberal economic order. At the time of his passing, he was a leading advocate of free banking and critic of central banking.

We explore several unaddressed issues in George Selgin’s (1988) claim that the best monetary system to maintain monetary equilibrium is a fractional reserve free banking one. 

In The Mystery of Banking, Murray Rothbard explained how the origins of central banking in the US were rooted in a lobbying effort by Robert Morris and other “nationalists” 

Ludwig H. Mai was an amalgam of intellectual influences. Most certainly he was partly an Austrian "fellow traveler" — one who had deep respect for Carl Menger and Eugen von Böhm-Bawerk

In this article it will be argued that collective corruption - which is the logical result of government interventionism in the field of money production 

This article offers an analysis of the causes of the subprime crisis, explaining that it is not an isolated incident and that we should concentrate our attention on the Fed’s monetary policy 

There are many methods for choosing common stocks for investment. These methods may or may not be consistent with a traditional Austrian view, depending on the processes involved and basic tenets of the analysis.