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,
2002. in Howard Vane and Brian Snowden, eds. An Encyclopedia of Macroec
Ludwig von Mises’ The Theory of Money and Credit is, quite simply, one of the outstanding contributions to economic thought in the twentieth
Roger Garrison New Classical and Old Austrian Economics: Equilibrium Business Cycle Theory in Perspective Adobe Acrobat 6.0 Paper Capture Plug-in
With regard to Tullock’s “major objection” to the theory, his argument (pp.
Why do we have booms and recessions? This paper to explores the Austrian explanation of the business cycle and applies that theory to the recession of 1990-1992.
