The Austrian Theory of the Trade Cycle and Other Essays
Booms and busts are not endemic to the free market, argues the Austrian theory of the business cycle, but come about through manipulation of money and credit by central banks. In this monograph, Austrian giants explain and defend the theory against alternatives. Includes essays by Mises, Rothbard, Haberler, and Hayek. In his later years, Professor Haberler distributed many of these monographs to friends and associates.
This edition includes an introduction by Roger Garrison.
Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
Center for Libertarian Studies, 1978. Mises Institute 1996, with introduction and summary by Roger Garrison.