Misconceptions about Austrian Business Cycle Theory: A Comment
Richard H. Timberlake A Critique of Monetarist and Austrian Doctrines on the Utility and Value of Money Adobe Acrobat 6.0 Paper Capture Plug-in
Richard H. Timberlake A Critique of Monetarist and Austrian Doctrines on the Utility and Value of Money Adobe Acrobat 6.0 Paper Capture Plug-in
in Jack Birner and Rudy van Zijp, eds., Hayek, Coordi
With regard to Tullock’s “major objection” to the theory, his argument (pp.
Las Vegas is one big bubble, writes Doug French. Sin City's brand name has never been hotter.
The 1920s had difficulties, but the depth of the Great Depression was in 1931. Any theory of boom-bust events must ask why so many entrepreneurs made terrible errors in a cluster. Why do busts hit capital goods industries harder than they do consumer goods industries?
FDR’s stated New Deal purpose was to keep work weeks short and to extend minimum wages which were extremely high. But, production is what makes demand possible and what increases purchasing power, not federal mandates.