Papers on secular stagnation, underdeveloped economies, free market fiduciary media, and wind power lead this wide-ranging issue of the QJAE.
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: Monetary Policy after the Great Recession: The Role of Interest Rates
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.
Review: Restoring the Promise: Higher Education in America
The core mission of colleges and universities—teaching students—suffered as these institutions became politicized and luxurious resorts chasing athletic glory and questionable research.
An Anatomy of Failure: China’s Wind Power Development
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.
The Case Against the New “Secular Stagnation Hypothesis”
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.
Review: Trust in a Polarized Age
Kevin Vallier's new book is a valuable contribution to "public reason liberalism," introducing useful arguments for strengthening private property rights.
Review: Classical Economic Theory and the Modern Economy
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.
Review: Monetary Policy after the Great Recession: The Role of Interest Rates
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.
Are Free Market Fiduciary Media Possible? On the Nature of Money, Banking, and Money Production in the Free Market Order
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.
Review: Restoring the Promise: Higher Education in America
The core mission of colleges and universities—teaching students—suffered as these institutions became politicized and luxurious resorts chasing athletic glory and questionable research.
Review: Media Wars: The Battle to Shape Our Minds
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.
Review: Trust in a Polarized Age
Kevin Vallier's new book is a valuable contribution to "public reason liberalism," introducing useful arguments for strengthening private property rights.
Net Present Value, Duration, and CAPM in Light of Investment Theory: A Comment on Kruk
How should we address uncertainty when using NPV calculations? The answer is rooted in the Austrian school of thought rather than neoclassical finance theory.
Review: Classical Economic Theory and the Modern Economy
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.
Old and New Development Economics: A Reassessment of Objectives
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.
Review: Media Wars: The Battle to Shape Our Minds
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.
