The Quarterly Journal of Austrian Economics (QJAE) is a refereed journal that promotes the development and extension of Austrian economics and the analysis of contemporary issues in the mainstream of economics from an Austrian perspective..
Socialism and War: Essays, Documents, Reviews: The Collected Works of F.A. Hayek, Vol. 10.
This volume of F.A. Hayek's collected works brings together chapters, articles, and reviews Hayek wrote between 1935 and 1949.
Review of Engineering the Financial Crisis: Systemic Risk and the Failure of Regulation by Jeffrey Friedman and Wladimir Kraus
Jeffrey Friedman and Wladamir Kraus attempt to separate the wheat from the chaff by sizing up these theories next to some hard facts. The result is enlightening.
Review of Black 47 and Beyond: The Great Irish Famine in History, Economy, and Memory, by Cormac O Gráda
During the late 1840s more than one million Irish died and many more emigrated, with the Irish population not returning to its former level for over a century.
Hayek the Neoclassical Font: A Review Essay on Hayek’s Challenge
Caldwell sets out to answer the question: what can neoclassical economists of the late twentieth/early twenty-first century, learn from Hayek's writings? His reply constitutes an intellectual tour de force of the neoclassical approach.
Before and After the Euro: Strategies for Sound Money in the 21st Century
Monetary competition, a result of the abolition of legal tender, would seriously curtail the politization of the euro. But is it possible to completely separate the euro from politics without returning
Hayek’s Theory of Money and Cycles: Retrospective and Reappraisal
That Hayek’s work on money, investment, and business cycle theory should be misunderstood and misrepresented poses nothing new.
Sylos Labini’s Unpublished Notes on Schumpeter’s Business Cycles
Paolo Sylos Labini (1920–2005) was the one of the most influential economists in Italy after the Second World War. After graduating in 1942, Sylos Labini won a fellowship in the USA.
Product Differentiation and Economic Progress
In neoclassical theory, product differentiation provides consumers with a variety of different products within a particular industry, rather than a homogeneous product that characterizespurely competitive markets.
An Appreciation of B.R. Shenoy, Economist
Bellikoth Ragunath Shenoy was an Indian economist and teacher who produced many essays on Indian economic policy. Scholars of economic thought have neglected the importance of his work.
Capital-Based Macroeconomics: Recent Developments and Extensions of Austrian Business Cycle Theory
Professor Garrison’s work in Austrian macroeconomics over the past twenty-plus years has been most influential. Time and Money and its detailed development of a capital-based macroeconomics
Austrian Business Cycle Theory and the Global Financial Crisis: Confessions of a Mainstream Economist
Austrian business cycle theory has a legitimate claim to being the most authoritative explanation of the recent global financial and economic crisis.
Ulrich Fehl’s Contribution to Temporal Capital Theory
This paper briefly summarizes Ulrich Fehl’s important contributions to Austrian capital theory. While his work is well known in Europe he remains a relative unknown to the English speaking world.
Realism: Austrian vs. Neoclassical Economics, Reply to Caplan
The debate concerns the issue of whether the Austrian or the neo-classical vision more closely approaches the truth in economics, with regard to such issues as methodology,
The Methodology of Profit Maximization: An Austrian Alternative
This paper has incorporated challenges to the dominant neoclassical model that were fashioned by Rothbard and, to a much lesser extent, Baumol.
A Reformulation of Austrian Business Cycle Theory in Light of the Financial Crisis
The financial crisis and the events leading up to it have sparked a remarkable renewal of interest in Austrian Business Cycle Theory (ABCT).
Private-Property Rights, Erroneous Interpretations, Morality, and Economics: Reply to Demsetz
As I see matters, private-property rights are of crucial importance to civilization. They are what distinguishes us from the barbarians. To the extent we give in to the enemies of property rights, we reduce ourselves.
Production Structure in the Context of International Trade
This paper deals with the recent empirical phenomenon of intra-industry trade, i.e., trade in similar goods between similar countries. It treats this phenomenon from the point of view of the theory
Commerce and Government. By Etienne Bonnot, Abbe de Condillac
Commerce and Government is an extremely important book in the Austrian tradition. Reason enough, I shall hope, for every Austrian economist to become acquainted with it.
The Myth of the “Winner’s Curse” in Auctions of Capital Goods
The winner’s curse was “discovered” in low rates of return on certain types of capital goods acquired in auctions or negotiated acquisitions.
Reflexivity, Business Cycles, and the New Economy
Markets are not efficient as that term is currently used in academic finance. Rather, markets are reflexive in that market behavior and the fundamentals reflect each other via a two-way, interactive feedback loop.