Quarterly Journal of Austrian Economics, vol. 24, no. 2, 2021

Nikolay Gertchev reviews Arkadiusz Sieron's effort to investigate the failure of expansionary monetary policy to address the challenges of the 2008–09 Great Recession.

The core mission of colleges and universities—teaching students—suffered as these institutions became politicized and luxurious resorts chasing athletic glory and questionable research.

China's central planning makes it remarkably inefficient.  China is the world’s largest installer of wind power. Yet with twice the wind capacity as the US, the Chinese still produce less power. 

Lawrence Summers claims that excess savings and feeble investment led to secular stagnation in advanced economies. But Austrian business cycle theory offers a better explanation. 

Kevin Vallier's new book is a valuable contribution to "public reason liberalism," introducing useful arguments for strengthening private property rights.

Steven Kates's new book debunks Keynesian demand-side economics, while striving to resurrect Say’s Law and revive the classical understanding of the economy.

How, and to what extent, would fiduciary media emerge in a pure market economy? Hansen argues that holding fiduciary media instead of money is an entrepreneurial error.

Bill Anderson reviews Donway and Kolhatkar's collection of essays on the culture war. Though a non-academic book, it is a good resource for academic researchers and a worthwhile read.

How should we address uncertainty when using NPV calculations? The answer is rooted in the Austrian school of thought rather than neoclassical finance theory.

The behavioral economics-based "new development economics" is just like the old development economics, say Espinosa and Carreiro. The Austrian theory of dynamic efficiency offers a useful path forward.