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