Quarterly Journal of Austrian Economics

Displaying 541 - 550 of 725
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.

Stephan Kinsella
The book is divided into two parts. The seven chapters of Part 1 are critical of statism, the view that political action is necessary, efficient, or desirable. In the four chapters of Part 2, our author somewhat tentatively proffers.
Kenneth H. Mackintosh

Sociologists seek a profundity and seriousness in their work that belies the constraints entailed in any consistent theoretical perspective. Switching implicitly, and perhaps unconsciously, from one paradigm to another provides an illusion of scope

Frank Shostak

Professor Holcombe argues that Kirznerian entrepreneurial alertness enables market actors to spot previously unnoticed profit opportunities. Entrepreneurs then act upon these opportunities.

Dominick Armentano

The resourceful antitrust community has simply gone ahead and reinvented itself by developing several new theories and an entirely new approach to evidence. 

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.

 

Greg Kaza

An entire generation of students has been taught to accept efficient market theory (EMT) as gospel.  They have learned about investing in securities in an academic environment that rejects fundamental analysis. 

Walter Block

 Both the Quarterly Journal of Austrian Economics and the Review of Austrian Economics are now publishing regularly and have been doing so ever since their respective inceptions. 

Frank Shostak

The validity of various definitions of money cannot be ascertained by means of a statistical correlation with national income. 

Leland B. Yeager

In this Journal of Spring 2000, Robert Tollison joins David Laband in reiterating a stretched conception of market test.  Laband and Tollison recommend grading academic performance