Quarterly Journal of Austrian Economics
Author:
Gene Callahan
Online Publish Date:
Volume 6, No. 2 (Summer 2003) Austrian business cycle theory ( ABCT ), we contend, is essential to understanding the recent boom and bust cycle in the American (and, to a great extent, the global) economy. That does not mean that every recent macroeconomic event is explained by ABCT . For instance, exchange rate manipulation (e.g., the