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Quarterly Journal of Austrian Economics 19, no. 2 (Summer 2016) “The problem with economic historians,” Murray Rothbard once quipped, “is that half of them are historians who don’t know any economics and the other half are economists who don’t know any history” (Rothbard, 1986, 0:01:05). After reading America’s Bank: The Epic Struggle to Create

Quarterly Journal of Austrian Economics 17, No. 4 (Winter 2014) KEYWORDS: Panic of 1873, Austrian Business Cycle Theory, Depression of 1873–1879, national banking system JEL CLASSIFICATION: E2, E3, E4, N1, N2 SECTION I: INTRODUCTION With the recent financial meltdown in 2008, Austrian economics has experienced a revival by both professional and

Quarterly Journal of Austrian Economics 18, no. 4 (Winter 2015): 487–561 Editor’s Foreword This present work is an unpublished chapter of Murray N. Rothbard’s Man, Economy, and State (hereafter MES) (2009 [1962]). Titled “Chapter 5: Producer’s Activity,” it was meant to be the fifth chapter of the book and the first on production theory. In it,

Quarterly Journal of Austrian Economics 18, no. 4 (Winter 2015): 456–486 ABSTRACT : This paper analyzes a recently reconstructed proto-chapter of Rothbard’s Man, Economy, and State (2009 [1962]) tentatively titled “Chapter 5: Producer’s Activity” (Rothbard, 2015 [1953]). In it, Rothbard used many concepts of standard neoclassical microeconomic

[ Patrick Newman is editor of a forthcoming book by Murray Rothbard titled The Progressive Era. Dr. Newman recently spoke with us about the book and Rothbard’s innovative views on the period. ]  THE AUSTRIAN: Why is this book only being published now and how did you become involved? PATRICK NEWMAN: The book totals 15 chapters and begins with an

[From “ Taking Government Out of Politics: Murray Rothbard on Political and Local Reform during the Progressive Era “ by Patrick Newman in the spring 2019 issue of the Quarterly Journal of Austrian Economics .] Political Reform: Expanding Democracy by Restricting Democracy The increased government intervention during the Progressive Era, beginning

The 2020s started off horrendously. Thanks to an exaggerated coronavirus pandemic, government lockdowns sunk the economy into the most serious recession since the Great Depression. From February to April 2020, industrial production collapsed by 15.2 percent and official unemployment figures skyrocketed from 3.5 percent to 14.7 percent. To put

American Bonds: How Credit Markets Shaped a Nation Sarah L. Quinn Princeton, N.J.: Princeton University Press, 2019 289 pp. Patrick Newman (patrick.newm1@gmail.com) is assistant professor of economics at Florida Southern College and a fellow of its Center for Free Enterprise. He is also a fellow of the Mises Institute. This is a frustrating book.

Although the draconian lockdowns punished the economy, a partial recovery occurred after governments allowed businesses to reopen. However, continued economic growth depends on the outcome of the presidential election. The crisis opened the door for a surge in regulations, subsidies, and other special interest privileges under the guise of

Newman, Patrick. 2024. “Book Review: Slouching towards Utopia: An Economic History of the Twentieth Century .” Quarterly Journal of Austrian Economics 27 (1). https://doi.org/10.35297/001c.118100