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Articles

Peng Xinwei: China's Misesian Monetary Historian
March 28, 2025 CDT
Peng Xinwei: China’s Misesian Monetary Historian
Song LiYue Xiong

Peng Xinwei (1907-67), author of a 900 page monetary history of China, deserves recognition as a Chinese Misesian monetary historian, say Song Li and Sue Xiong.

Proto-Austrian and Proto-Keynesian Elements of John Mills's Credit Cycle
December 16, 2024 CDT
Proto-Austrian and Proto-Keynesian Elements of John Mills’s Credit Cycle
Jonathan Newman

Did Jevons misinterpret Mills when he developed his sunspot theory of business cycles out of dissatisfaction with Mills's "commercial moods"? Looking closer shows Mills believed credit expansion drove these moods.

Ludwig von Mises's Outstanding Position in Economic Research
December 12, 2024 CDT
Ludwig von Mises’s Outstanding Position in Economic Research
Wolfgang Burr

Was Mises's position in economics and the social sciences that of an isolated outsider, or was his research engaged with his contemporaries while remaining unique?

The Incompleteness of Central Planning
December 12, 2024 CDT
The Incompleteness of Central Planning
Hai-Trieu v. Nguyen

Modern technosocialists claim that access to large sets of economic data would allow the social planner, or a supercomputing machine, to plan the economy. Are they correct?

November 21, 2024 CDT
The Natural Rate of Interest: Selected Conceptual Differences among Wicksell, Mises, and Woodford and Implications for Estimation and Monetary Policy
Francisco Nadal De Simone

Wicksell rejected Mises's claim that the natural rate of interest and market interest rates may be interdependent, but evidence here supports several features of Mises’s business cycle theory.

October 25, 2024 CDT
Failure in Fully Funded Pensions: Voluntary Exchange and Coercion
Mark HydeJonathan MoizerJonathan LeanSue Farrar

By stifling competition, regulation diminishes the capacity of pension markets to serve pension plan participants. The prevalence of private pension failure suggests an excess, not an insufficiency, of regulation.

The Essential Jesús Huerta de Soto: An Analysis of His Contributions to Economics and Social Thought
October 15, 2024 CDT
The Essential Jesús Huerta de Soto: An Analysis of His Contributions to Economics and Social Thought
Cristóbal Matarán

Prof Huerta de Soto’s contributions, though less well known among English-speaking Austrians, span economics, law, history, and political philosophy, establishing his work as among the most influential in Europe today.

Beyond Rationality: Exploring Neoclassical, Behavioral, and Austrian Approaches to Finance
September 20, 2024 CDT
Beyond Rationality: Exploring Neoclassical, Behavioral, and Austrian Approaches to Finance
Artur Marion CeolinJoão Fernando Rossi Mazzoni

Austrian investment theory emphasizes purposeful actions, learning, and individual judgment under uncertainty, in contrast to the static neoclassical and behavioral finance models.

An Austrian Critique of Using Carbon Taxes to Manage Climate Catastrophe Risk
June 26, 2024 CDT
An Austrian Critique of Using Carbon Taxes to Manage Climate Catastrophe Risk
James M. Sheehan

The risk management rationale for carbon taxes suffers from calculation and knowledge problems. This paper details several arguments against a carbon tax as climate risk insurance.

Man of Action: Murray N. Rothbard's Contributions to the Theory of Entrepreneurship
June 01, 2024 CDT
Man of Action: Murray N. Rothbard’s Contributions to the Theory of Entrepreneurship
Fernando M D'Andrea

Fernando D'Andrea organizes Rothbard's thinking on entrepreneurship, providing a comprehensive idea of the capitalist-entrepreneur in the causal-realist tradition of the Austrian school, and its differences from Kirzner's and Schumpeter's approaches.

May 15, 2024 CDT
Arbitraging the Yield Curve: A Free Lunch?
Daniel Sánchez-Piñol Yulee

Banking crises can be produced by a mismatch of assets and liabilities, potentially leading to illiquidity in the financial system. Daniel Sánchez-Piñol Yulee examines implications of arbitraging the yield curve.

May 15, 2024 CDT
On the Ethics of Fair Value Accounting: Distributive Effects, Distributive Injustice, and Implications for Social Peace
David J. RappJeffrey M. HerbenerDavid Gordon

Should fair value accounting—in contrast to historical cost accounting—be considered fair or just? The authors argue that fair value accounting contributes to distributive injustice and potentially to social discord.