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..
The Recession of 1990: A Comment
Arthur Hughes seeks to apply the Austrian theory of the business cycle to the recession of 1990.
Review of Institutions in Crisis: European Perspectives on the Recession, by David Howden, ed.
This volume brings together highly important and relevant essays from distinguished authors, all of which are firmly anchored in the tradition of the Austrian School of Economics.
Review of When in the Course of Human Events: Arguing the Case for Southern Secession, by Charles Adams
The great value of Charles Adam's book, When in the Course of Human Events: Arguing the Case for Southern Secession, isthat it shows in careful historical detail that slavery did not cause this great tragedy.
The Rebirth of Austrian Economics—In Light of Austrian Economics
In 1982, Rothbard closed his remarks on the controversy over the journal’s name with the following statement: “At any rate, we have a tough row to hoe in Austrianism in general to rescue it from:
Review of A History of the Federal Reserve, Volume 1: 1913–51, by Allan H. Meltzer
Austrians have demonstrated that recessions—and depressions—are the inevitable result of central bank intervention in the economy.
Ludwig H. Mai: A Personal Memoir
Ludwig H. Mai was an amalgam of intellectual influences. Most certainly he was partly an Austrian "fellow traveler" — one who had deep respect for Carl Menger and Eugen von Böhm-Bawerk
Economic Science and Neoclassicism
Caplan arrives at the startling conclusion that the Austrian approach, despite the efforts, is less realistic than the neoclassical approach that flourished in the age of benign neglect for realism.
Review of The Subprime Solution: How Today’s Global Financial Crisis Happened, and What to Do About It. By Robert J. Shiller
It is with great trepidation and anticipation that we review Robert Shiller’s new book, The Subprime Solution. Trepidation as to the causes of the problem, which were expected to take a behavioral spin.
Misesian Ownership and Coasian Authority in Hayekian Settings: The Case of the Knowledge Economy
Austrian insights are useful for not only interpreting recent claims, but also for understanding their reach. In particular, Misesian insights are helpful here
A Tribute to Larry Sechrest
Larry was a committed Austrian economist and passionate defender of the liberal economic order. At the time of his passing, he was a leading advocate of free banking and critic of central banking.
On the Optimum Quantity of Money
It is pretty well established within Austrian economics that the optimum quantity of money is whatever level is established at any given time.
Lionel Robbins: Neoclassical Maximizer or Proto-Praxeologist?
The author believes the evidence presented in this paper raises serious questions for Kirzner’s interpretation of Robbins’s Essay. Mises certainly treated Robbins’s book
Apoplithorismosphobia
It seems odd that economists would find the idea of falling prices to be a bad thing. Likewise, it is peculiar that policymakers would fear deflation and be willing to take drastic measures to insure
The Dutch Monetary Environment During Tulipmania
When the economics profession turns its attention to financial panics and crashes, the first episode mentioned is tulipmania. In fact, tulipmania has become a metaphor in the economics field.
Separation of Commercial and Investment Banking: The Morgans vs. The Rockefellers
The Banking Act of 1933, sometimes referred to as the Glass-Steagall Act, separated commercial and investment banking, instituted Federal deposit insurance,
The Continuing Relevance of Austrian Capital Theory
Hayek’s works have continued to influence Foss, so it is only appropriate, therefore, that the author pay homage to him. Specifically, Foss pays homage by addressing a favorite Hayek topic—namely that of capital theory.
Austrian Economics and the Mainstream: View from the Boundary
The main reason why, at least at present, Austrian economics is particularly relevant is that it offers a strong challenge to some off the most basic assumptions underlying mainstream models
European Business Fluctuations in the Austrian Framework
The Austrian theory mainly deals with analyzing the effects of an increased credit offer on productive structures.
Eugen von Böhm-Bawerk’s “Value, Cost, and Marginal Utility”: Notes on the Translation
Böhm-Bawerk is the most important Austrian economist after Ludwig von Mises. The author says this on the basis of the fact that his writings provide by far the best and most comprehensive development
The A Priori Foundations of Property Economics
Court decisions and legislation have a profound impact on the economy because they define and modify property rights. Economists have therefore always been interested in analyzing this impact.