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A not-to-be-missed issue, with Kleinheyer and Mayer’s “Discovering Markets,” Jakub Wisniewski’s argument on the impossibility of intellectual property, Mark DeWeaver’s “The Austrian Business Cycle in the Socialist Commonwealth,” and more. Don’t overlook the eight reviews of important new books, and Richard Ebeling’s frank remembrance of Oskar Morganstern.

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A not-to-be-missed issue, with Kleinheyer and Mayer’s “Discovering Markets,” Jakub Wisniewski’s argument on the impossibility of intellectual property, Mark DeWeaver’s “The Austrian Business Cycle in the Socialist Commonwealth,” and more. Don’t overlook the eight reviews of important new books, and Richard Ebeling’s frank remembrance of Oskar Morganstern.

Articles
Beyond Calculation: The Austrian Business Cycle in the Socialist Commonwealth
Mark DeWeaver
Mark DeWeaver argues that Mises's socialist commonwealth would not be free from Rothbardian error cycles, so that boom-bust cycles would be unavoidable under socialism.
Review Essays
Planned Economy and Economic Planning: What “The People’s Republic of Walmart” Got Wrong about the Nature of Economic Planning
Márton Kónya
Phillips and Rozworski's "The People's Republic of Walmart" argues that large firms like Walmart and Amazon are evidence that a collectively planned economy can work. Márton Kónya reveals their errors.
Book Reviews
Book Review: “Unprofitable Schooling: Examining Causes of, and Fixes for, America’s Broken Ivory Tower”
Jason Morgan
Jason Morgan reviews "Unprofitable Schooling," edited by Todd Zywicki and Neal McCluskey, a go-to book for understanding why higher education is in such a sorry state.
Book Reviews
Book Review: “The Great Reversal: How America Gave Up on Free Markets”
David Gordon
David Gordon reviews Thomas Philippon's "The Great Reversal," in which Philippon promotes competition but, like other technocrats, thinks he can do better than the unhampered market economy.
Remembering
Remembering Oskar Morganstern
Richard Ebeling
Richard Ebeling remembers economist Oskar Morgenstern, co-developer of modern game theory who studied with Austrian economists Friedrich von Wieser and Hans Mayer and was once an assistant to Friedrich Hayek.

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