RAE VOLUME 1

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 Review of Austrian Economics, was founded and edited by Murray N. Rothbard and functioned as the premier Austrian School scholarly journal between 1987 and 1997. From 1995 to 1997, it was edited by Walter Block, Hans-Hermann Hoppe, and Joseph T. Salerno. This collection of volumes 1 through 10 was published by the Mises Institute.

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.

Contents

Introductory Editorial

Murray N. Rothbard and Walter Block

Editorial: The Inflationary Chaos Ahead

Henry Hazlitt

1.Why Subjectivism?

Leland Yeager

2.Wages, Prices, and Employment: Von Mises and the Progressives

Lowell Gallaway and Richard K. Vedder

3.A Critique of Monetarist and Austrian Doctrines on the Utility and Value of Money

Richard H. Timberlake, Jr.

4.Breaking Out of the Walrasian Box: The Cases of Schumpeter and Hansen

Murray N. Rothbard

5.Two Forgotten Articles by Ludwig von Mises on the Rationality of Socialist Economic Calculation

William Keizer

6.Rent Seeking: Some Conceptual Problems and Implications

E.C. Pasour, Jr.

7.Some Austrian Perspectives on Keynesian Fiscal Policy and the Recovery in the Thirties

Gene Smiley

8.GNP, PPR, and the Standard of Living

Robert Batemarco

I.Review Essays

9.The Economics of Time and Ignorance: A Review

Charles W. Baird

10.Method versus Methodology: A Note on The Ultimate Resource

M.W. Sinnett

II.Reviews

11.The Evolution of Cooperation

Roger Arnold

12.Competition versus Monopoly: Combines Policy in Perspective

Roger Arnold

13.A Response to the Framework Document for Amending the Combines Investigation Act

Roger Arnold

14.Writing History: Essay on Epistemology

Edward H. Kaplan

15.The Unseen Dimensions of Wealth: Towards a Generalized Economic Theory

Edward H. Kaplan

About the Contributors

About the Editor