Austrian Theory of the Trade Cycle and Other Essays, The.
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The Austrian Theory of the Trade Cycle and Other Essays, a slim volume of just 120 pages — If you read nothing else, please read the first, 10-page essay:. 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.
This book applies Austrian business cycle theory to understanding the onset of the 1929 Great Depression. Rothbard first summarizes the Austrian theory and offers a criticism of competing theories, including the views of Keynes. Rothbard then considers Federal Reserve policy in the 1920s, showing its inflationary character.
New edition with an introduction by Roger Garrison and an index. 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 against alternatives. Includes essays.
The Austrian Theory of the Trade Cycle and Other Essays Author. Ludwig Mises. Publication Type Book Free or For Purchase Paid. Link click here to read. First Published Date 1978 Most Recent Publishing 2011 Full Publication Name The Austrian Theory of the Trade Cycle and Other Essays More about The Austrian Theory of the Trade Cycle and Other.
The four essays in this volume, each written by a major figure in the Austrian school of economics, set out and apply a distinctive theory of the business cycle. The span of years (1932-1970) over which they appeared saw a dramatic waxing and then waning of the prominence—both inside and outside the economics profession—of the Austrian theory.
Author by: Rudy van Zijp Languange: en Publisher by: Edward Elgar Pub Format Available: PDF, ePub, Mobi Total Read: 80 Total Download: 99 File Size: 41,6 Mb Description: Austrian and New Classical Business Cycle Theories makes a major contribution to recent developments in macroeconomic theory.In the last two decades, economics has experienced a remarkable shift in focus.