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In this issue, Joanna Kruk expands earlier analysis of NPV and interest rate changes in the context of Austrian business cycle theory. Clifford Thies examines the issue of emergency money during the Great Depression. In a debate over foundations of economic theory, Tate Fegley and Karl-Friedrich Israel argue that the idea of the disutility of labor should be discarded, and Joe Salerno contends that the concept is in fact helpful. Separately, Israel offers a rejoinder to Salerno on the matter of the income effect. Reviews of three important recent books conclude the issue: Sam Bostaph reviews Janek Wasserman’s The Marginal Revolutionaries, Ludwig Levasseur reviews Foss, Klein, and McCaffrey’s Austrian Perspectives on Entrepreneurship, Strategy, and Organization, and Bob Murphy reviews Stephanie Kelton’s The Deficit Myth.

In this issue, Joanna Kruk expands earlier analysis of NPV and interest rate changes in the context of Austrian business cycle theory. Clifford Thies examines the issue of emergency money during the Great Depression. In a debate over foundations of economic theory, Tate Fegley and Karl-Friedrich Israel argue that the idea of the disutility of labor should be discarded, and Joe Salerno contends that the concept is in fact helpful. Separately, Israel offers a rejoinder to Salerno on the matter of the income effect. Reviews of three important recent books conclude the issue: Sam Bostaph reviews Janek Wasserman’s The Marginal Revolutionaries, Ludwig Levasseur reviews Foss, Klein, and McCaffrey’s Austrian Perspectives on Entrepreneurship, Strategy, and Organization, and Bob Murphy reviews Stephanie Kelton’s The Deficit Myth.