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| Review of Austrian Economics | |
|---|---|
| Title | Review of Austrian Economics |
| Discipline | Austrian School |
| Abbreviation | ROAE |
| Publisher | Kluwer Academic Publishers |
| Country | United States |
| History | 1987–present |
| Frequency | Quarterly |
Review of Austrian Economics The Review of Austrian Economics is a peer-reviewed academic journal dedicated to scholarship associated with the Austrian School tradition, connecting scholars linked to institutions such as the Mises Institute, George Mason University, New York University, University of Vienna, and London School of Economics. It publishes theoretical, historical, and policy-oriented articles engaging debates involving figures associated with Ludwig von Mises, Friedrich Hayek, Carl Menger, Eugen von Böhm-Bawerk, and later contributors tied to Israel Kirzner, Murray Rothbard, and Hans-Hermann Hoppe.
The journal positions itself within the lineage of Austrian School scholarship, addressing methodological questions raised by Carl Menger, Ludwig von Mises, and Friedrich Hayek while engaging interlocutors from John Maynard Keynes, Milton Friedman, Paul Samuelson, Kenneth Arrow, Frank Knight, and Lionel Robbins. Its scope includes methodological individualism in the tradition of Max Weber, epistemological debates echoing Karl Popper, and value-theoretic concerns traced to David Ricardo and Adam Smith. Published pieces often interact with work from scholars at Princeton University, Harvard University, University of Chicago, and Stanford University.
Founded in 1987 by editors associated with the revival of Austrian scholarship, the journal emerged amid institutional developments involving the Mises Institute, the Austrian Economics Center, and academic networks tied to George Mason University and New York University. Early editorial conversations referenced classics such as Human Action and contemporaneous responses to debates sparked by The Road to Serfdom and critiques from Keynesian economics proponents including Paul Samuelson and Joan Robinson. Over time its editorial board has included participants from the Institute of Economic Affairs, Cato Institute, Hoover Institution, and European centers such as the University of Freiburg and University of Basel.
Articles foreground concepts deriving from subjective value theory as articulated by Carl Menger and refined by Eugen von Böhm-Bawerk, praxeological methods advanced by Ludwig von Mises, and market-process theory associated with Israel Kirzner. Methodological debates draw on critiques and endorsements from Friedrich Hayek regarding knowledge problems, interactions with Kenneth Arrow on information economics, and engagements with Ronald Coase on transaction costs. The journal frequently treats price theory in the lineage of Adam Smith, capital theory disputes reflecting Piero Sraffa, and competition analyses in dialogue with Joseph Schumpeter and Alfred Marshall.
Contributors and subjects include classical and modern exponents such as Carl Menger, Eugen von Böhm-Bawerk, Ludwig von Mises, Friedrich Hayek, Israel Kirzner, Murray Rothbard, Hans-Hermann Hoppe, Roger Garrison, Peter Boettke, Jesús Huerta de Soto, Walter Block, Stephan Kinsella, Thomas DiLorenzo, and Richard Ebeling. The journal has hosted debates between proponents linked to the Mises Institute, the Austrian School revival at George Mason University, and heterodox interlocutors from Post-Keynesianism associated with Hyman Minsky and L. Randall Wray.
The publication routinely engages criticisms from mainstream and heterodox critics including scholars associated with MIT, Harvard University, and University of California, Berkeley such as Paul Samuelson, Frank Hahn, Kenneth Arrow, and Amartya Sen. Core controversies center on methodological disputes about falsifiability tied to Karl Popper, empirical testability discussed in relation to Milton Friedman and the Chicago School, and capital theory controversies involving Piero Sraffa and John Hicks. Debates also involve policy implications contested by Keynes, John Maynard Keynes, and Joseph Schumpeter.
Empirical contributions assess business-cycle interpretations related to the Austrian Business Cycle Theory as articulated by Ludwig von Mises and Murray Rothbard and compared with frameworks from John Maynard Keynes and Milton Friedman. Case studies in monetary history reference episodes such as the Great Depression, the German hyperinflation, and financial crises discussed in relation to analyses by Ben Bernanke, Anna Schwartz, Hyman Minsky, and Raghuram Rajan. Applied research links Austrian insights to work on entrepreneurship by Israel Kirzner, regulatory critique associated with Friedrich Hayek, and institutional analysis found in studies from Douglass North and Oliver Williamson.
The journal’s readership and contributors have influenced think tanks and policy debates involving the Mises Institute, Cato Institute, Heritage Foundation, Institute of Economic Affairs, Hoover Institution, and university centers such as Mercatus Center at George Mason University. Its ideas have been invoked in policy discussions on monetary policy involving central bankers trained at Federal Reserve Bank of New York, fiscal debates in legislatures influenced by actors connected to Ron Paul and Rand Paul, and legal theory dialogues associated with scholars from Yale Law School and Harvard Law School. The Review’s role in intellectual networks parallels the diffusion of ideas through conferences at Ludwig von Mises Institute venues, summer seminars linked to Austrian Economics Center, and graduate training at institutions such as New York University and George Mason University.