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..
Fundamental Analysis as a Traditional Austrian Approach to Common Stock Selection
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.
The Market: Ethics, Knowledge, and Politics, by John O’Neill
I propose to confine the present examination of Professor O'Neill's book to one central topic, likely to be one of interest to readers of the Quarterly Journal.
Cantor’s Diagonal Argument: An Extension to the Socialist Calculation Debate — A Comment
In a recent article Robert P. Murphy (2006) uses Cantor's diagonal argument to prove that market socialism could not function, since it would be impossible for the Central Planning Board
What is Money?
The State applies itself to loading everybody’s brain with prejudices, and everybody’s heart with sentiments favorable to the spirit of anarchy, war, and hatred;
Toward Meta-Politics
The author wishes to examine Nozick’s ontological overtures within the context of social and political ontology. Zaibert wishes to sketch some fundamental aspects of the ontology of politics,
The Illusion of Choice: How the Market Economy Shapes Our Destiny by Andrew Bard Schmookler
All human institutions — governments, markets, money, etc. — suffer from the same problem: the imperfections so bitterly denounced by Schmookler. Greed, ignorance, myopia, irrationality are endemic in them all.
Review of Good and Plenty: The Creative Success of American Arts Funding by Tyler Cowen
Tyler Cowen has two great aims in his new book on government arts funding. One is to explain the distinctions between what he calls the aesthetic perspective and the economic perspective.
The Synergy Trap: How Companies Lose the Acquisition Game, by Mark L. Sirower
Mr. Sirower has done a great service in pointing out the anomaly concerning large-company mergers. He has provided good evidence for the Austrian theory that antitrust policy is harmful to the competitive process and stand of living in society.
Comment on “A Note on Two Erroneous Ways of Defending the Pure Time Preference Theory of Interest”
In response to Topan and Păun in this issue, this comment upholds two lines of argument in defense of the Pure Time Preference Theory of interest. Ludwig von Mises claimed that time preference is a fundamental concept of human action.
Introduction: Symposium on Time and Money
This book is a long-awaited project among Austrian economists; some of the central contributions found in the book date back nearly a quarter of a century.
Well-Informedness and Rationality: A Philosophical Overview
There is a strong tendency in modern moral philosophy to impose restrictions on the range of desires that are to count as genuinely contributive to the desirer’s welfare.
Progress and Entrepreneurship
This article describes how theories of entrepreneurship can be completely incorporated into a model of the competitive process to show that entrepreneurship is the engine of economic progress
Book Review: When States Fail: Causes and Consequences by Robert I. Rotberg
Do weak governments around the globe merit assistance? The premise of When States Fail: Causes and Consequences is that without strong government, society devolves into chaos.
Knut Wicksell’s Tribute to Menger
Wicksell's obituary of Carl Menger is here publised in English for the first time, thanks to the efforts of Per Bylund who translated it from the original Swedish.
Misesian Economics and the Response to a Price Change
This note has shown that the possibility of the income effect of a price change is implied by the Misesian pure logic of choice. This note has not assumed that our individual must consume more than four loaves of bread to survive.
Review of When Washington Shut Down Wall Street: The Great Financial Crisis of 1914 and the Origins of America’s Monetary Supremacy. by William L. Silber
At the beginning of World War I, the US Treasury secretary closed the New York Stock Exchange to stop the sale of dollar-denominated securities.
Austrian Economics, Neoclassical Economics, Marketing, and Finance
Austrianism is far more receptive to business and private enterprise than Marxism, and it certainly exceeds neoclassical economics in this regard. In terms of the phenomenon with which we have been concerned
Review of Who Owns the Sky? The Struggle to Control Airspace from the Wright Brothers On, by Stuart Banner
In Who Owns the Sky? The Struggle to Control Airspace from the Wright Brothers On, UCLA law professor Stuart Banner examines how the United States moved from the ad coelom rule
Contestable Market Theory as a Regulatory Framework: An Austrian Postmorten
Contestability theory makes a case that the pricing behavior of a multi-product natural monopolist is disciplined by the threat of entrepreneurial entry.
Review of Vienna and Chicago: Friends or Foes? A Tale of Two Schools of Free Market Economics by Mark Skousen
For those who know little or nothing about the subject the book is likely to be informative but also to be a source of misinformation, particularly for those who know something about one school