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A packed issue, with Er’el Granot’s discussion of reswitching in the Austrian structure of production, Renaud Fillieule’s article on the macroeconomic models of the Austrian school, and Mark Thornton’s discussion of Rothbard’s view of the economics of slavery. Also: George Pickering on the relevance of bitcoin to the regression theorem, Joe Salerno on the wealth effect, Arkadiusz Sieron on the Cantillon effect, and seven book reviews on books such as Shiller’s Narrative Economics, Quiggin’s Economics in Two Lessons, and Beyond Brexit.

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A packed issue, with Er’el Granot’s discussion of reswitching in the Austrian structure of production, Renaud Fillieule’s article on the macroeconomic models of the Austrian school, and Mark Thornton’s discussion of Rothbard’s view of the economics of slavery. Also: George Pickering on the relevance of bitcoin to the regression theorem, Joe Salerno on the wealth effect, Arkadiusz Sieron on the Cantillon effect, and seven book reviews on books such as Shiller’s Narrative Economics, Quiggin’s Economics in Two Lessons, and Beyond Brexit.

Articles
An Overlooked Scenario of “Reswitching” in the Austrian Structure of Production
Er'el Granot
Reswitching indicates that the average production period is not necessarily a decreasing function of the interest rate. Granot's generic model of the structure of production shows behavior resembling reswitching.
Articles
The Macroeconomic Models of the Austrian School: A History and Comparative Analysis
Renaud Fillieule
Three Austrian macroeconomic models--those of Böhm-Bawerk, Hayek, and Garrison, are reviewed and compared. At a general level, they share several important characteristics.
Book Reviews
Book Review: Narrative Economics: How Stories Go Viral and Drive Major Economic Events
Brendan Brown
Brendan Brown reviews Robert Shiller's book, "Narrative Economics," which argues that "economic fluctuations are substantially driven by contagion of oversimplified and easily transmitted variants of economic narratives."
Book Reviews
Book Review: “Indebted: How Families Make College Work at Any Cost”
Jeffrey Degner
Jeffrey Degner reviews Caitlin Zaloom's "Indebted: How Families Make College Work at Any Cost" and finds that while the anthropological approach led to interesting anecdotes, Zaloom's economics fall short.
Book Reviews
Book Review: “The Bitcoin Standard: The Decentralized Alternative to Central Banking”
Kristoffer Hansen
Kristoffer Hansen reviews Saifedean Ammous' "The Bitcoin Standard" and is pleased to find a rarity: a reasonable treatment of bitcoin from the point of view of Austrian economics.

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