In this issue, Bob Murphy on free banking, Patrick Newman on Rothbard and progressivism, an unpublished chapter from Rothbard’s Progressive Era (in print for the first time), and more.
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 QJAE Blog Editors and Editorial Board Submission Information
Review: Austerity: When It Works and When It Doesn’t
Mark Thornton reviews Alesina, Favero, and Giavazzi's book, which argues that austerity plans based on tax increases fare much worse than plans based on reducing expenditures.
Review: Capitalism in America: A History
Joakim Book reviews Greenspan and Wooldridge's 'Capitalism in America.' What could go wrong with a book from a former Fed chairman? Quite a lot!
Confucian Capitalism: Shibusawa Eiichi, Business Ethics, and Economic Development in Meiji Japan
Jason Morgan reviews John Sagers' book on Shibusawa Eiichi, often called the "father of Japanese capitalism." Was Shibusawa truly a capitalist, or just a "crony capitalist"?
Beginning the Welfare State: Civil War Veterans’ Pensions
What would Murray Rothbard have said in the planned chapter 10 of his nine-chapter manuscript on the Progressive Era? Patrick Newman reveals Rothbard's target: the fourth party system (1896–1932).
Taking Government Out of Politics: Murray Rothbard on Political and Local Reform during the Progressive Era
What would Murray Rothbard have said in the planned chapter 10 of his nine-chapter manuscript on the Progressive Era? Patrick Newman reveals Rothbard's target: the fourth party system (1896–1932).
The Menger-Mises Theory of the Origin of Money — Conjecture or Economic Law?
Is the standard Austrian theory of the origin of money "conjectural history"? Kristoffer Hansen's response to Gary North's counter-interpretation of the theory of the origin of money.
More Than Quibbles: Problems with the Theory and History of Fractional Reserve Free Banking
Are holders of banknotes implicitly lending funds to the issuing bank? Do historical periods of relatively free banking illustrate the stability of the system? A response to Bagus and Howden.
