Quarterly Journal of Austrian Economics

David Gordon reviews Janek Wasserman's "The Marginal Revolutionaries" and finds some concerning errors and misunderstandings.

Binyamin Appelbaum, the main writer on economics for the New York Times, thinks that economics was appropriately progressive—favoring severe market restrictions—in the first half of the twentieth century. All this changed in the fifties.

Yasushi’s fine introduction to libertarianism—a phrase which is translated even more provocatively as “ultra-do-whatever-you-want-ism” (jiyūshijōshugi)—has turned out to be one of this year’s steady sellers in Japan.

Firms, like other organizations, are unable to substitute the market in coordinating their economic plans. If they ever tried to eliminate the market creating them, they would face the same problems that all planned economies do.

David Gordon reviews John Quiggin's "Economics in Two Lessons," an effort to correct Hazlitt's "Economics in One Lesson" by adding "important truths about the limitations of the market."

Winning narratives shape market prices until their victory is confirmed by the facts or they are discredited by facts and replaced by new narratives.

This paper extends Austrian business cycle theory to the command economy and demonstrates that Mises’s socialist commonwealth would not be free from Rothbardian error cycles.

Three Austrian macroeconomic models—those of Böhm-Bawerk, Hayek, and Garrison, are reviewed and compared. At a general level, they share several important characteristics.

Professor Arkadiusz Sieroń has written an important new book on the Cantillon effect, indicating that the effect of new money on the economy depends on where it is injected.

Much has been written about the quantity of money and its effects on money’s purchasing power, but the quality of money has been neglected.