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..
Mises on Monetary Reform: the Private Alternative
This paper discusses Ludwig von Mises's proposals for monetary reform. We will largely focus on technical aspects--the concrete practical steps he recommended
A Theory of Interest
Originary interest does not spring from the passing of time, but from the value relationship between means and ends. the means of action are inherently less valuable than the ends they serve.
Review of How Capitalism Saved America: The Untold History of Our Country, from the Pilgrims to the Present by Thomas J. DiLorenzo
The title of the book may initially seem to be an exercise in hyperbole, but such is not the case. How Capitalism Saved America is indeed the untold history of our country.
A Praxeological Assessment of Subjective Value
This paper deals with the meaning and the limits of the subjective theory of value. Economists deploy this theory in such various areas as utility, marginalism, knowledge and expectations.
Review of Antitrust: The Case for Repeal by Dominick T. Armentano
Most economists would, given the opportunity, offer some proposal to reform antitrust policy. Some would contend that this or that aspect of antitrust law should be eliminated or more weakly enforced.
Valentin de Foronda: Liberty, Property, and Security
Foronda is remembered for his contributions and as one of the first to popularize the new economic ideas in Spain.
Rethinking Time and Money at the Beginning of the 21st Century
According to this writer Garrison’s Time and Money is precisely what it purports to be: an exercise in comparative frameworks. Even if it should be recognized that the comparison
Short Changing 100 Percent Reserves
Selgin (2009) offers a challenge to 100 percent reserve banking by noting that small change would be unprofitable with 100 percent reserve money.
The Hayek and Mises Controversy: Bridging Differences
This paper has attempted to bridge unresolved differences remaining from the Hayek and Mises “controversy,” which materialized in the early 1990s.
Robbins as Innovator: The Contribution of An Essay on the Nature and Significance of Economic Science
Robbins contributed the most definitive modern definition of the discipline, one which is now widely accepted. Although limited by his overly restrictive assumptions on information,
Editorial: Special Issue on Deflation
Deflation is not only of great political importance. It also brings to light interesting theoretical problems that provide us with the opportunity to develop the theory of money and related areas such as business cycle theory.
Book Review: The Church and the Market: A Catholic Defense of the Free Economy by Thomas E. Woods, Jr.
When studying the origins of the Austrian School, one is often struck by the influence played by Catholic thinkers and culture during the centuries leading up to the publication of Menger’s Principles.
A Critique of MacKenzie, Not an Endorsement of Hoover: Reply to Vedder and Gallaway
Vedder and Gallaway's (2011) rejoinder to my comment on MacKenzie (2010) seems to fundamentally misunderstand both my comment's argument and the contribution of Rose (2010).
“Radical Subjectivism”: Not Radical, Not Subjectivist
While there may be other empirical arguments that radical subjectivists make which might entail revisions of economic theory, nothing as such about economics or the aims of economics
Austrian Business Cycle Theory in Light of Rational Expectations: The Role of Heterogeneity, the Monetary Footprint, and Adverse Selection in Monetary Expansion
We contribute to the debate over the contemporary relevance of the Austrian Business Cycle theory (ABC) by making three theoretical developments.
Praxeology, Economics, and Law: Issues and Implications
The praxeological method is an efficacious way to investigate the fundamental theoretical questions at the heart of any study of human endeavor.
Are Macroeconomic Theorists Rational?
Macroeconomics has developed over seventy years from John Maynard Keynes’s General Theory to the currently fashionable mathematical models that feature efficient markets and rational expectations.
Central Planning’s Computation Problem
Friedrich Hayek and Ludwig von Mises demonstrated that central planners will be unable to manage an economy rationally due to the problems of dispersed knowledge and the impossibility of economic calculation
Management versus Ownership: The Road-Privatization Debate
To build a roads system, an administrative price mechanism—commercialization—may yield some solutions to the problems of public roads but it gives rise to other problems
Review of Finance and the Good Society, by Robert J. Shiller
What defines a "good society" and how can we use finance to achieve it? Robert Shiller takes the former question as settled, and dedicates his new book Finance and the Good Society