Source link: http://archive.mises.org/4723/quarterly-journal-of-austrian-economics-9-no-1-spring-2006/
Quarterly Journal of Austrian Economics 9, no. 1 (Spring 2006)
Volume 9, no. 1 (Spring 2006)
THE DUTCH MONETARY ENVIRONMENT DURING TULIPMANIA by Doug French. When the economics profession turns its attention to financial panics and crashes, the first episode mentioned is tulipmania. In fact, tulipmania has become a metaphor in the economics field. Should one look up tulipmania….
AN AUSTRIAN VERSION OF THE LUCAS CRITIQUE by Tobias Basse. The Austrian School of economics is mainly interested in human action. Austrian economists acknowledge that individual human beings act and that interacting economic agents form a complex system called the economy. Consequently, Austrians try to understand economic phenomena by analyzing human action….
RESTRUCTURING BEFORE PRIVATIZATIONâ€”PUTTING THE CART BEFORE THE HORSE: A CASE STUDY OF THE STEEL INDUSTRY IN ROMANIAby Peter T. Calcagno, Frank Hefner, and Marius Dan. The Eastern European countries have been going through a transition phase since the liberalization of their economies with the collapse of communist regimes in the early 1990s. The attempts at transition from a centrally planned economy to a market based one has provided a fascinating laboratory for research in both theory and practiceâ€¦.
AUSTRIAN BUSINESS CYCLE THEORIES IN THE REVIEWS OF THE FEDERAL RESERVE SYSTEMGreg Kaza. References to the works of economists and economic schools of thought are a relatively recent development in texts of reviews published by Federal Reserve System member banks. Explicit references to economists and schools of thought began appearing in the late 1950s and early 1960sâ€¦.
GALLAWAY AND VEDDER ON STABLIZATION POLICYWilliam Barnett II and Walter Block. In an article in the QJAE, “The Fraud of Macroeconomic Stabilization Policy,” Gallaway and Vedder state that their arguments can be summarized as follows: (1) All major macroeconomic paradigms have as their centerpiece the productivity-adjusted real wage rate, (2) The productivity-adjusted real wage rate has the property of being a trendless stationary time series….
Book Review of MODERN MACROECONOMICS: ITS ORIGINS, DEVELOPMENTS, AND CURRENT STATE by Brian Snowdon and Howard R. Vane. Reviewed by Jerry H. Tempelman. The book is a description of each of the different major schools of thought relating to macroeconomic stabilization policy. The book had originally been intended to become a second edition, but rewriting of the text became so extensive that the authors instead decided to publish it as an entirely new work. Most of the text is about what has been called “the warring schools of macroeconomics.”â€¦
Book Review of DEFLATION: CURRENT AND HISTORICAL PERSPECTIVES edited by Richard C.K. Burdekin and Pierre L. Siklos. Reviewed by Nikolay Gertchev. The book is dedicated to the history and economics of the phenomenon of falling prices and is composed of 11 contributions by 20 economists on this scarcely investigated topicâ€¦.