Many years after the Great Depression and World War II, controversy continues to swirl as scholars, pundits, and ordinary citizens look back at the watershed events of the 1930s and 1940s. Economists and economic historians have assessed the economy’s condition during these momentous years primarily with reference to the usual macroeconomic indicators, especially the real gross domestic product (GDP) and the rate of unemployment (U).

  Brian Snowdon, Howard Vane, and Peter Wynarczyk, A Modern Guide to Macroeconomics: An Introduction to Competing Schools of Thought, Aldershot, England: Edward Elgar, 1994. pp. 383-97.

   in Jack Birner and Rudy van Zijp, eds., Hayek, Coordination and Evolution: His Legacy in Philosophy, Politics, Economics, and the History of Ideas. London: Routledge, 1994, pp. 109-125.

  South African Journal of Economics, vol. 65, no. 4 (December), 1997, pp. 459-481. 

   South African Journal of Economics, vol. 65, no. 4 (December), 1997, pp. 459-481.

   Review Article: Essays on Capital and Interest. The Freeman, vol. 47, no. 8 (August), 1997, pp. 511-13. 

Unknown PrecisionScan Adobe Acrobat 6.0 Paper Capture Plug-in

The Austrian theory of the business cycle has many critics. Some believe that this part of the Austrian contribution is so misdirected as to constitute an “embarrassing excrescence” (Yeager [1986, p.

Roger Garrison New Classical and Old Austrian Economics: Equilibrium Business Cycle Theory in Perspective Adobe Acrobat 6.0 Paper Capture Plug-in

  1992.   Cato Journal, vol. 12, no. 1 (Spring/Summer), 165-178.