The Consumption of Capital in Austria
Machlup presents Austria as a case study in capital consumption and economic decline.
Booms and Busts
Displaying 1521 - 1530 of 1842
Deflation: When Austrians Become Interventionists
This paper examines what Austrian economists think about deflation and offers a critique of their views. This seems to be of particular importance because Austrians differ in their opinions about deflation,
“Austrian Theory of Business Cycles”
1997. in David Glasner, ed., Business Cycles and Depressions: An Encycl
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?
