RAE VOLUME 3

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, 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

In Memory

A Tribute to W.H. Hutt

Morgan O. Reynolds

I.Articles

1.The Austrian Theory of the Business Cycle in the Light of Modern Macroeconomics

Roger W. Garrison

2.A Subjectivist Perspective on the Economics of Crime

Samuel Cameron

3.The Hermeneutical Invasion of Philosophy and Economics

Murray N. Rothbard

4.Antitrust Reform: Predatory Practices and the Competitive Process

Dominick T. Armentano

5.Why the U.S. Economy Is Not Depression-Proof

Mark Skousen

6.The Efficient-Markets Hypothesis and Entrepreneurship

E.C.Pasour, Jr.

7.Trade Unions: The Private Use of Coercive Power

W.H. Hut^†

II.Notes and Replies

8.Mises on the Evenly Rotating Economy

J. Patrick Gunning

9.Subjective Cost Revisited

William Barnett II

10.Reply to Comment by William Barnett II

Leland B. Yeager

11.Comment on Tullock’s “Why Austrians Are Wrong About Depressions”

Joseph T. Salerno

12.Reply to Comment by Joseph T. Salerno

Gordon Tullock

13.Comment on Professor Timberlake’s Squared Rule for the Equilibrium Value for the Marginal Utility of Money

William Barnett II

14.Marginal Utility Equilibrium between Money and Goods: A Reply to Professor Barnett’s Criticism

Richard H. Timberlake, Jr.

15.Professor Caldwell on Ludwig von Mises’ Methodology

J. Patrick Gunning

III.Book Review Essays

16.In Defense of Extreme Rationalism: Thoughts on Donald McCloskey’s The Rhetoric of Economics

Hans-Hermann Hoppe

17.A Look at Subjectivism, Intelligibility and Economic Understanding: Essays in Honor of Ludwig M. Lachmann on his Eightieth Birthday

Walter Block

IV.Book Reviews

18.You’ll Find It in The New Palgrave

Mark Skousen

19.The Origins of Language: A Review

David Gordon

20.The Politics of Hunger: A Review

Ralph Raico

About the Contributors

About the Editors

In Memory

A Tribute to W.H. Hutt

Morgan O. Reynolds

I.Articles

1.The Austrian Theory of the Business Cycle in the Light of Modern Macroeconomics

Roger W. Garrison

2.A Subjectivist Perspective on the Economics of Crime

Samuel Cameron

3.The Hermeneutical Invasion of Philosophy and Economics

Murray N. Rothbard

4.Antitrust Reform: Predatory Practices and the Competitive Process

Dominick T. Armentano

5.Why the U.S. Economy Is Not Depression-Proof

Mark Skousen

6.The Efficient-Markets Hypothesis and Entrepreneurship

E.C.Pasour, Jr.

7.Trade Unions: The Private Use of Coercive Power

W.H. Hut^†

II.Notes and Replies

8.Mises on the Evenly Rotating Economy

J. Patrick Gunning

9.Subjective Cost Revisited

William Barnett II

10.Reply to Comment by William Barnett II

Leland B. Yeager

11.Comment on Tullock’s “Why Austrians Are Wrong About Depressions”

Joseph T. Salerno

12.Reply to Comment by Joseph T. Salerno

Gordon Tullock

13.Comment on Professor Timberlake’s Squared Rule for the Equilibrium Value for the Marginal Utility of Money

William Barnett II

14.Marginal Utility Equilibrium between Money and Goods: A Reply to Professor Barnett’s Criticism

Richard H. Timberlake, Jr.

15.Professor Caldwell on Ludwig von Mises’ Methodology

J. Patrick Gunning

III.Book Review Essays

16.In Defense of Extreme Rationalism: Thoughts on Donald McCloskey’s The Rhetoric of Economics

Hans-Hermann Hoppe

17.A Look at Subjectivism, Intelligibility and Economic Understanding: Essays in Honor of Ludwig M. Lachmann on his Eightieth Birthday

Walter Block

IV.Book Reviews

18.You’ll Find It in The New Palgrave

Mark Skousen

19.The Origins of Language: A Review

David Gordon

20.The Politics of Hunger: A Review

Ralph Raico

About the Contributors

About the Editors

Publication Information

1989