Purpose – Austrian Business Cycle Theory (ABCT) is a rare and precious flower. As adherents of this perspective, the present authors wish to share it with as many scholars as possible. They thus welcome criticisms of it, particularly emanating from neoclassical economists, who have for far too...

This article examines some of the reasons why banks and insurance companies have been accused of discrimination, and shows that this is by and large a false accusation. Economic analysis demonstrates that racial discrimination is not a profit-maximizing strategy. Actually, unwise public policies...

According to Malthus, there is an “Iron Law” for wages: they cannot stay above subsistence levels. When they do, increased population soon enough pushes them down to the previous level of immiseration. One might think that modern economics has long ago confined such views to the dustbin of...

There are not two but rather three views regarding the issue of abortion. The first two, pro life and pro choice, are well known. The present paper is dedicated to an elucidation of the third, evictionism. In this perspective, the pregnant woman is allowed to evict her unwanted fetus, but, if it...

The purpose of this article is to argue in favor of a private employer’s right to discriminate amongst job applicants on any basis he chooses, and this certainly includes unlawful characteristics such as race, sex, national origin, sexual preference, religion, etc. John Locke and many after...

The Elgar Companion to Austrian Economics is a major new reference work which highlights the common ground between all the branches of the school while demonstrating the breadth and diversity within it. The Companion reflects the many areas where Austrian economists have made contributions,...