Austrian Business Cycle Theory

Further Reading

ECONOMIC GROWTH

Ayau, Manuel F. 2007. Not a Zero-Sum Game: The Paradox of Exchange. Guatemala City, Guat.: Universidad Francisco Marroquín. https://mises.org/library/not-zero-sum-game-paradox-exchange.

Mises, Ludwig von. 1980. “Captial Supply and American Prosperity.” In Planning for Freedom and Sixteen Other Essays and Addresses, 195–214. 4th ed. South Holland, Ill.: Libertarian Press. Speech first delivered in 1952.

Reismann, George. 2009. “Economic Recovery Requires Capital Accumulation, Not Government ‘Stimulus Packages.’” Mises Daily, February 25, 2009. https://mises.org/library/economic-recovery-requires-capital-accumulation-not-government-stimulus-packages.

Salerno, Joseph T. 2010. “An Austrian Taxonomy of Deflation—with Applications to the US.” In Money: Sound and Unsound, 267–314. Auburn, Ala.: Mises Institute. https://mises.org/library/money-sound-and-unsound-1.

STRUCTURE OF PRODUCTION AND CAPITAL THEORY

Lachmann, Ludwig. 1976. “On Austrian Capital Theory.” In The Foundations of Modern Austrian Economics, Edwin G. Dolan, 145–51. Kansas City, Mo.: Sheed and Ward.

—. 1978. Capital and Its Structure. Kansas City, Mo.: Sheed Andrews and McMeel. First published 1956.

Skousen, Mark. 1990. The Structure of Production. New York: New York University Press.

Strigl, Richard von. 2000. Capital and Production. Edited by Hans-Hermann Hoppe. Translated by Margaret Rudelich Hoppe and Hans-Hermann Hoppe. Auburn, Ala.: Mises Institute. German original published 1934. https://mises.org/library/capital-and-production-0.

INTEREST RATE THEORY

Fetter, Frank A. 1915. Economic Principles. Vol. 1 of Economics. New York: The Century. https://mises.org/library/economic-principles.

—. 1977. Capital, Interest, and Rent: Essays in the Theory of Distribution. Edited by Murray N. Rothbard. Kansas City, Mo.: Sheed Andrews and McMeel. https://mises.org/library/capital-interest-and-rent-essays-theory-distribution-0.

Kirzner, Israel M. 2011. The Pure Time-Preference Theory of Interest. Edited by Jeffrey M. Herbener. Auburn, Ala.: Mises Institute. https://mises.org/library/pure-time-preference-theory-interest-0.

—. 2011. “The Pure Time-Preference Theory of Interest: An Attempt at Clarification.” In The Pure Time-Preference Theory of Interest, edited by Jeffrey M. Herbener, 99–126. Auburn, Ala.: Mises Institute. https://mises.org/library/pure-time-preference-theory-interest-0.

Lutz, Friedrich A. 1968. The Theory of Interest. Chicago: Aldine.

ABCT BASICS

Ebeling, Richard M., ed. and comp. 1996. The Austrian Theory of the Trade Cycle and Other Essays. Auburn, Ala.: The Ludwig von Mises Institute. First published 1978. https://mises.org/library/austrian-theory-trade-cycle-and-other-essays.

Garrison, Roger W. 2001. Time and Money: The Macroeconomics of Capital Structure. New York: Routledge.

Hayek, F. A. 2008. Prices and Production and Other Works: F. A. Hayek on Money, the Business Cycle, and the Gold Standard. Edited by Joseph T. Salerno. Auburn, Ala.: Ludwig von Mises Institute. https://mises.org/library/prices-and-production-and-other-works.

—. 2012. Business Cycles, Part I. Edited by Hansjoerg Klausinger. Vol. 7 of The Collected Works of F. A. Hayek, edited by Bruce Caldwell. Chicago: University of Chicago Press, 1988–2017.

Thornton, Mark. 2018. The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century. Auburn, Ala.: Mises Institute. https://mises.org/library/skyscraper-curse.

ABCT APPLICATIONS

Phillips, C. A., T. F. McManus, and R. W. Nelson. 1937. Banking and the Business Cycle: A Study of the Great Depression in the United States. New York: Macmillan. https://mises.org/library/banking-and-business-cycle-0.

Robbins, Lionel. 1934. The Great Depression. Freeport, N.Y.: Books for Libraries Press. https://mises.org/library/great-depression-0.

Rothbard, Murray N. 2000. America’s Great Depression. 5th ed. Auburn, Ala.: Mises Institute. First published 1963. https://mises.org/library/americas-great-depression.

Veryser, Harry C. 2012. It Didn’t Have to Be This Way: Why Boom and Bust Is Unnecessary—and How the Austrian School of Economics Breaks the Cycle. Wilmington, Del.: ISI Books.

Woods, Thomas E. 2009. Meltdown: The Classic Free-Market Analysis of the 2008 Financial Crisis. Washington, D.C.: Regnery.

ADVANCED ABCT

Hayek, F. A. 2012. Business Cycles, Part II. Edited by Hansjoerg Klausinger. Vol. 8 of The Collected Works of F. A. Hayek, edited by Bruce Caldwell. Chicago: The University of Chicago Press, 1988–2017.

—. 2015. Capital and Interest. Edited by Lawrence H. White. Vol 11 of The Collected Works of F. A. Hayek, edited by Bruce Caldwell. Chicago: University of Chicago Press, 1988–2017.

Lewin, Peter, and Nicolás Cachanosky. 2019. Austrian Capital Theory: A Modern Survey of the Essentials. New York: Cambridge University Press. https://doi.org/10.1017/9781108696012.

—. 2021. Capital and Finance: Theory and History. New York: Routledge. https://doi.org/10.4324/9780429031687.

Mises, Ludwig von. 2006. The Causes of the Economic Crisis, and Other Essays before and after the Great Depression. Edited by Percy L. Greaves Jr. Auburn, Ala.: Ludwig von Mises Institute. First published 1978. https://mises.org/library/causes-economic-crisis-and-other-essays-and-after-great-depression.