RAE VOLUME 2

Murray Rothbard had long dreamed of an Austrian academic journal. In 1986, his dream came true. The Mises Institute published it, and it changed everything. The Austrians could focus on internal development, highlight the contrast with the mainstream, and show their wares to the profession and the world at large.

Rothbard was an exacting editor, and results are spectacular and historic.

The individual issues have been nearly impossible to find, until now. Today you can own the entire set as digital books, learn from the pioneering articles that Murray and his co-editors saw as crucial, and see what gave the modern Austrian movement its scholarly momentum.

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Contents

1.The Economic Calculation Debate: Lessons for Austrians

Israel M. Kirzner

2.Praxeology and Understanding: An Analysis of the Controversy in Austrian Economics

G.A. Selgin

3.Competition and Political Entrepreneurship: Austrian Insights into Public-Choice Theory

Thomas J. DiLorenzo

4.Why the Austrians Are Wrong About Depressions

Gordon Tullock

5.“Social Utility” and Government Transfers of Wealth: An Austrian Perspective

David Osterfeld

6.Austrian Methodology: The Preferred Tax Type

Jeffrey Herbener

7.The Neglect of the French Liberal School in Anglo-American Economics: A Critique of Received Explanations

Joseph T. Salerno

8.The Austrian Economists and the Late Hapsburg Viennese Milieu

Arthur M. Diamond, Jr.

Notes and Replies

9.Hayek’s “The Trend of Economic Thinking”

Bruce J. Caldwell

10.Timberlake on the Austrian Theory of Money: A Comment

Murray N. Rothbard

11.Reply to Comment by Murray N. Rothbard

Richard H. Timberlake, Jr.

12.On Yeager’s “Why Subjectivism?”

Walter Block

13.Reply to Comment by Walter Block

Leland B. Yeager

14.Saving the Depression: A New Look at World War II

Mark Skousen

Book Reviews

15.The Myth of Free Banking in Scotland

Murray N. Rothbard

16.White’s Free-Banking Thesis: A Case of Mistaken Identity

Larry J. Sechrest

17.A Critique of What Do Unions Do?

Morgan Reynolds

18.The Crash and Its Aftermath: A Review Article

Clifford F. Thies

19.Berger on Capitalism

David Gordon

About the Contributors

About the Editors