William Pesek, Jr., of Bloomberg discusses Mark Thornton’s new Working Paper on Mises.org on the skyscraper index as a proxy for the business cycle.
“It’s these features that make skyscrapers, especially the construction of the world’s tallest building, a salient marker of 20th century business cycle,’’ Mark Thornton, senior fellow at the Ludwig von Mises Institute in Auburn, Alabama, wrote in a new study of the phenomenon.
