Booms and Busts

Understanding the Austrian Theory of the Business Cycle

The only way that we can escape from the business cycle is through the establishment of sound money (i.e., a gold standard and no central bank) and the free market. If we are ever able to do so, the Austrian school of economics will deserve the credit.

Understanding the Austrian Theory of the Business Cycle

Tags: Business Cycles, Booms and Busts

06/01/1986 • Mark Skousen

The only way that we can escape from the business cycle is through the establishment of sound money (i.e., a gold standard and no central bank) and the free market. If we are ever able to do so, the Austrian school of economics will deserve the credit.

Time and Money: The Universals of Macroeconomic Theorizing

Tags: Booms and Busts

05/15/1984 • Roger W. Garrison

Professor Roger Garrison is a leader in the field of Austrian macroeconomics, and has had a burning passion for his whole career to present Austrian business cycle theory in terms that mainstream economists can understand and identify. This book...

The Austrian Theory of the Trade Cycle and Other Essays

Tags: Booms and Busts, Money and Banks

06/15/1978 • Richard M. Ebeling

Booms and busts are not endemic to the free market, argues the Austrian theory of the business cycle, but come about through manipulation of money and credit by central banks. In this monograph, Austrian giants explain and defend the theory...

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The Coming Aristocracy

Tags: Introductory, Booms and Busts

05/15/1969 • Leonard E. Read

The motivation that drives man toward excellence comes from within. The Greek philosopher, Heraclitus, gives us the clue: “Man is on earth as in an egg. Now, you can’t go on being a good egg forever; you must either hatch or rot.” The oncoming...

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History of Crises Under the National Banking System

Tags: Booms and Busts, Money and Banks, U.S. History

10/13/1968 • O.M.W. Sprague

This detailed description of the series of financial crises which occurred from the establishment of the National Banking System up to its replacement by the Federal Reserve System includes an analysis of the causes of financial market failures...

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A Treatise on Currency and Banking

Tags: Booms and Busts

10/04/1966 • Condy Raguet

This remarkable hard-money treatise appeared in 1840. It is by Condy Raguet (1784-1842), a noted Pennsylvania politician and economist who worked as a merchant in several Latin American countries. He was wholly dedicated to free trade, the free...

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Capitalism and the Historians

Tags: Introductory, Booms and Busts, World History

04/15/1963 • Friedrich A. Hayek

Even today, social scientists and historians continue to treat the Industrial Revolution as if it were the beginning of the end of civilization. What the essays in this book do is show the opposite. It was in many ways the beginning of a new...

The Panic of 1819: Reactions and Policies

Tags: Booms and Busts, U.S. Economy, U.S. History

07/20/1962 • Murray N. Rothbard

The panic of 1819 was America’s first great economic crisis. And this is Murray Rothbard’s masterful account, the first full scholarly book on the topic and still the most definitive. It was his dissertation, published in 1962 but nearly...

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The Economics of Illusion

Tags: Booms and Busts

02/15/1949 • L. Albert Hahn

L. Albert Hahn was one of the most highly regarded economists and bankers in Germany before World War II, but he was unknown in the United States until this translation of The Economics of Illusion appeared in 1949. He immigrated to the United...

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Prosperity and Depression

Tags: Booms and Busts

07/17/1946 • Gottfried Haberler

Are you serious about business cycle theory? In 1937, back when economists thought big and coherent thoughts about the boom-bust cycle, long before mainstream economists began to doubt the existence of theoretical universals, Professor Gottfried...

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