Quarterly Journal of Austrian Economics, vol. 23, no. 1, 2020

Beyond being incompatible with natural rights and detrimental to the dissemination of innovations, the concept of intellectual property is a praxeological impossibility. 

Quinn’s American Bonds shows that the federal government’s credit policies were important factors behind the particular evolution of securitization and credit markets in the United States.

Unprofitable Schooling is the go-to book for anyone who wants to understand, in depth, the debates raging about why, and even whether, the academy is in such a sorry state.

In this article in our “Remembering” series, we commemorate the well-known economist Oskar Morgenstern, best known as the codeveloper of modern game theory with John von Neumann.

The editors are to be heartily congratulated for putting together this book, which covers an impressive range of topics in monetary economics from an explicitly Austrian perspective.

According to Philippon, in some industries Europe has a freer market than America does. The solution is somehow more regulation.

Lawson and Powell have had the happy idea of presenting elementary economics in a humorous way that will appeal to those “turned off” by serious and sober scholarship.

Binyamin Appelbaum, the main writer on economics for the New York Times, thinks that economics was appropriately progressive—favoring severe market restrictions—in the first half of the twentieth century. All this changed in the fifties.

Yasushi’s fine introduction to libertarianism—a phrase which is translated even more provocatively as “ultra-do-whatever-you-want-ism” (jiyūshijōshugi)—has turned out to be one of this year’s steady sellers in Japan.

Firms, like other organizations, are unable to substitute the market in coordinating their economic plans. If they ever tried to eliminate the market creating them, they would face the same problems that all planned economies do.

Winning narratives shape market prices until their victory is confirmed by the facts or they are discredited by facts and replaced by new narratives.

This paper extends Austrian business cycle theory to the command economy and demonstrates that Mises’s socialist commonwealth would not be free from Rothbardian error cycles.