Does the Concept of Secular Growth Have a Place in Capital-Based Macroeconomics?
I would like to emphasize two implications of my argument. First, the concept of secular growth as an uncaused phenomenon contradicts the Mengerian method of analyzing
Business Cycles
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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).
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 Institutions in Crisis: European Perspectives on the Recession, by David Howden, ed.
This volume brings together highly important and relevant essays from distinguished authors, all of which are firmly anchored in the tradition of the Austrian School of Economics.
Is “Malinvestment” Enough to Go Bust?
The business cycle refers to fairly broad changes in economic activity according to a well-identified sequence, which includes a boom, a crisis, a
Reflexivity, Business Cycles, and the New Economy
Markets are not efficient as that term is currently used in academic finance. Rather, markets are reflexive in that market behavior and the fundamentals reflect each other via a two-way, interactive feedback loop.
Real-World Economics: An Interview with Frank Shostak
Volume 19, Number 3 (Fall 1999)
An Interview with Frank Shostak
An Austrian Version of the Lucas Critique
Scholars of Austrian economics argue persuasively that formal models are not able to capture the complex dynamics of market processes.
The NYU Conference — Austrian Perspectives on Contemporary Economic Theory [Full Edition of Vol. 1, No. 2]
Volume 1, Number 2 (Spring 1978)
Gary G.
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.
