Quarterly Journal of Austrian Economics
Financial Cycles, Business Activity, and the Stock Market
Volume 4, No. 1 (Spring 2001)
In this article, the prime concepts are based on the Mises-Hayek theory of the business cycle. Using this model as the general framework for analysis, additions and modifications are introduced reflecting theoretical advances and current problems. Free markets and a strict profit-and-loss system are the best ways to signal erroneous action and induce the constant process of corrective adaptation to bring forth efficiency in the allocation of capital.
Cite This Article
Mueller, Antony P. "Financial Cycles, Business Activity, and the Stock Market." The Quarterly Journal of Austrian Economics 4, No. 1 (Spring 2001): 3-21