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Are Technology Shocks Responsible for Business Cycles? In a Word, No.

Audio Mises Wire

Tags Global EconomyProgressivism

06/16/2022Frank Shostak
Narrator: 
Michael Stack

The theory of real business cycles won a Nobel Prize, but it ultimately confuses cause with effect.

Original Article: "Are Technology Shocks Responsible for Business Cycles? In a Word, No."

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Author:

Contact Frank Shostak

Frank Shostak's consulting firm, Applied Austrian School Economics, provides in-depth assessments of financial markets and global economies. Contact: email.

Original Article: 
Are Technology Shocks Responsible for Business Cycles? In a Word, No.