Austrian Business Cycle Theory: Variations on a Theme
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
Business Cycles
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Cantillon on the Cause of the Business Cycle
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 and the Global Financial Crisis: Confessions of a Mainstream Economist
Austrian business cycle theory has a legitimate claim to being the most authoritative explanation of the recent global financial and economic crisis.
Systematic Risk, Missing Gold Flows, and the Panic of 1907
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.
Review of Institutions in Crisis: European Perspectives on the Recession, by David Howden, ed.
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.
A Schumpeterian Heterogeneous Agent Model of the Business Cycle
The spread-model provides no point of attachment for spiral reasoning because there is no representativity assumption that forces the model agents to behave in a similar way.
The Two Contributions of Garrison’s Time and Money
Garrison's Time and Money picks up where Hayek left off, developing a macroeconomic model based on Austrian capital theory that provides significant insights into macroeconomic phenomena.
Reflexivity, Business Cycles, and the New Economy
Markets are not efficient as that term is currently used in academic finance. Rather, markets are reflexive in that market behavior and the fundamentals reflect each other via a two-way, interactive feedback loop.
Austrian Business Cycle Theory: A Corporate Finance Point of View
The Austrian business cycle theory (ABCT) has been criticized for not being a true theory of the business cycle. The main emphasis of the ABCT has been on the theory of the upper-turning point
The Term Structure of Savings, the Yield Curve, and Maturity Mismatching
Recognizing different types of savings allows for a more fruitful analysis of the business cycle. Sustainable investment activities must be financed by an equivalent amount of savings, both in length of availability and quantity.
