Quarterly Journal of Austrian Economics

How should we address uncertainty when using NPV calculations? The answer is rooted in the Austrian school of thought rather than neoclassical finance theory.

The behavioral economics-based "new development economics" is just like the old development economics, say Espinosa and Carreiro. The Austrian theory of dynamic efficiency offers a useful path forward.

Larry Sechrest provides a concise (4000-word) explanation of the concepts of malinvestment and overinvestment and how they help us understand economic depressions and the boom-bust cycle. 

Successful entrepreneurial leaders play a central role in empowering employees to use their localized knowledge.

The word entrepreneur originally meant someone who is active, risky, and even violent. Richard Cantillon changed both the meaning of the word, and our ideas of what entrepreneurs are.  

This new typology of numerous strands of Austrian (and Austrian-related) economics provides some essential insights into the field of entrepreneurship and organization economics.

Christopher Calton reviews David Skarbek's insightful book on prison social order, which shows how informal governance systems form and operate in a surprising environment.

The Skyscraper Index, as Mark Thornton shows, links record-breaking building construction with the business cycle, in a way consistent with Austrian business cycle theory.

Tate Fegley reviews Elizabeth Hinton's book on mass incarceration, finding in it a good overview of US criminal justice from Kennedy to Reagan, but no clear, discernible thesis.

This paper introduces, through two longitudinal case studies, a more dynamic understanding of opportunities. This generates novel insights about how entrepreneurs view opportunities.