Quarterly Journal of Austrian Economics

Displaying 441 - 450 of 725
Ludwig von Mises

The substitution of a monopoly price for a competitive price is tantamount to a serious restriction of the working of the most characteristic principle of the free enterprise system, i.e., of the sovereignty  of the consumers.

John P. Cochran

This article presents two alternative interpretations of the role of banks in the monetary transmission process. The interpretation based on the work of Mises, Hayek, and Rothbard leads to the conclusion that central banking and monetary policy are "generators of the business cycle." The other interpretation presents a Keynesian theory minus the liquidity preference theory of the rate of interest.

Laurent Carnis

To Serve and Protect is a breath of fresh air in the fog of mainstream recommendations concerning security, crime, and punishment. In the mainstream literature, liberals typically regard the offender as the victim of an egoistic society and conservatives typically say that the only way to reduce crime is to increase the severity of punishment. Benson brilliantly shows that the solution to the problem of criminal justice does not rest with increasing law-enforcement budgets or imposing harsher punishments, but with privatization.