Systemic Appraisal Optimism and Austrian Business Cycle Theory
Austrian business cycle theory (ABCT) has focused on the effect of interest rates set below the natural rate, leading to unwarranted attempts by businessmen
Booms and Busts
Displaying 831 - 840 of 1769
Review of Dinero, Crédito Bancario y Ciclos Económicos. by Jesús Huerta de Soto
The step-by-step analysis in Dinero, Crédito Bancario y Ciclos Económicos, which starts from legal distinctions and then proceeds to discuss related economic issues, has a decidedly Rothbardian twist.
Skyscrapers and Business Cycles
The skyscraper index, created by economist Andrew Lawrence shows a correlation between the construction of the world’s tallest building and the business cycle.
Austrian Business Cycle Theory, Keynes’s General Theory, Soaring Wheat Prices, and Subprime Mortgage Write-Downs
Keynes's presentation of our rates of interest on wheat and housing is set within Austrian business cycle theory, to show that soaring wheat prices and subprime mortgage write-downs are expected,
Industrial Employment and the Policies of Herbert C. Hoover
Most historians claim that Herbert Hoover adhered to a policy of laissez faire after the stock market crash of 1929. This laissez faire policy is allegedly responsible for the severity and persistence of unemployment
A Reformulation of Austrian Business Cycle Theory in Light of the Financial Crisis
The financial crisis and the events leading up to it have sparked a remarkable renewal of interest in Austrian Business Cycle Theory (ABCT).
The Recession of 1990: A Comment
Arthur Hughes seeks to apply the Austrian theory of the business cycle to the recession of 1990.
Austrian Business Cycle Theory: Variations on a Theme
In a recent study, Keeler (2001) attempts to provide historical/empirical evidence for the Austrian business cycle theory by examining the effect of interest-rate changes on various components
Review of The Subprime Solution: How Today’s Global Financial Crisis Happened, and What to Do About It. By Robert J. Shiller
It is with great trepidation and anticipation that we review Robert Shiller’s new book, The Subprime Solution. Trepidation as to the causes of the problem, which were expected to take a behavioral spin.
Austrian Business Cycle Theory and the Global Financial Crisis: Confessions of a Mainstream Economist
Austrian business cycle theory has a legitimate claim to being the most authoritative explanation of the recent global financial and economic crisis.
