Booms and Busts
Displaying 1461 - 1470 of 1779
“Business Cycles: Austrian Approach”
2002. in Howard Vane and Brian Snowden, eds. An Encyclopedia of Macroec
Comment on Tullock’s “Why Austrians Are Wrong About Depressions”
With regard to Tullock’s “major objection” to the theory, his argument (pp.
City of the Bubble
Las Vegas is one big bubble, writes Doug French. Sin City's brand name has never been hotter.
5. The Great Depression, World War II, and American Prosperity, Part I
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?
6. The Great Depression, World War II, and American Prosperity, Part II
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.
