An Investigation of Inverted Yield Curves and Economic Downturns

Tags: Business Cycles, Capital and Interest Theory

07/20/2005 Articles of Interest Paul F. Cwik

Downloads

An Investigation of Inverted Yield Curves and Economic Downturns_2.pdf

Cwik’s dissertation submitted to the Graduate Faculty of Auburn University for the Degree of Doctor of Philosophy, 14 May 2004.

Subscribe to Articles of Interest

Latest Articles

Energy Transition as a Tool for Fascist Capitalism

07/26/2025 Mises Wire Finn Andreen

Europeans are being forced into an energy transition through debt-fueled spending that will lead to permanently higher energy prices and stifle European competitiveness. This won‘t change the climate, but it will make the people poorer.

Human Reason as the Foundation of Civilization

07/26/2025 Mises Wire Wanjiru Njoya

Human reason, wrote Ludwig von Mises, is the basis for civilization itself. Western civilization, he said, was built upon economic progress that sprang from reason. However, he also warned that if the West abandoned sound economics, it would trigger its demise.

How Psychology Is Catching Up with the Reality of Human Action

07/25/2025 Mises Wire Oscar Damberg

Modern psychology has been at odds with the praxeology of the Austrian School, as psychologists have tended to see humans as passive and reactive, while Austrians view human action as purposeful. Recent developments in the field might change that narrative.

An Honneth Effort

07/25/2025 Friday Philosophy David Gordon

In this week's Friday Philosophy, Dr. David Gordon takes on Alex Honneth's The Working Sovereign. While Dr. Gordon acknowledges that the author gives an "Honneth" effort, his logic and grasp of the world of work fall way short of being convincing.

MMTers Love When Governments Burn Money

07/25/2025 Mises Wire Joshua Mawhorter

Even when MMT advocates are correct that colonial governments at times burned money after receiving it for tax revenues, they still manage to get both the history and the causes wrong.

Meet the Writer

Paul F. Cwik

Paul Cwik is Professor of Economics and Finance at the University of Mount Olive and taught the BB&T courses in Free...

Growth of the Austrian School

07/24/2025 Shawn Ritenour Paul F. Cwik

Cwik and Ritenour revisit the often-overlooked "forgotten Austrians" who extended Mengerian economics beyond Vienna.

The Austrian Theory of the Business Cycle

07/22/2025 Paul F. Cwik

Paul Cwik explains how artificial credit expansion triggers unsustainable booms and inevitable busts.

What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member