Business Cycles

The Austrian theory mainly deals with analyzing the effects of an increased credit offer on productive structures.

Most historians claim that Herbert Hoover adhered to a policy of laissez faire after the stock market crash of 1929. This laissez faire policy is allegedly responsible for the severity and persistence of unemployment 

The financial crisis and the events leading up to it have sparked a remarkable renewal of interest in Austrian Business Cycle Theory (ABCT).

Arthur Hughes seeks to apply the Austrian theory of the business cycle to the recession of 1990.

Wagner charges the Austrian business cycle with “obsolescence,” and describes it as “incoherent.” What is the reason for this denunciation? It is obsolete.

In a recent study, Keeler (2001) attempts to provide historical/empirical evidence for the Austrian business cycle theory by examining the effect of interest-rate changes on various components 

Richard Cantillon was the first economist to successfully examine the cyclical nature of the capitalist economy. He lived at a time (168?–1734) when the institutions of the modern capitalist  economy 

Austrian business cycle theory has a legitimate claim to being the most authoritative explanation of the recent global financial and economic crisis. 

his paper investigates the potential systemic risks posed to the U.S. securities markets by the banking crisis during the Panic of 1907. Past studies of 1907 have focused almost exclusively on the banking crisis.

This volume brings together highly important and relevant essays from distinguished authors, all of which are firmly anchored in the tradition of the Austrian School of Economics.