The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century
Table of Contents
Foreword by Thomas E. Woods, Jr.
Introduction
Section 1: The Skyscraper Curse
Chapter 1: What Is the Skyscraper Curse?
Chapter 2: The History of the Skyscraper Curse Reexamined
Chapter 3: Do You Have a Theory?
Chapter 4: How to Get Milk
Chapter 5: Cantillon Effects
Chapter 6: Cantillon Effects in Skyscrapers
Chapter 7: The Curse Misses New York. Is Auburn, Alabama, Next?
Chapter 8: When Will the Next Skyscraper Curse Come?
Chapter 9: It Is Not the Skyscraper’s Fault
Chapter 10: Should I Stay, or Should I Go?
Chapter 11: Razorbacks and Wolverines
Chapter 12: The Curse of the Federal Reserve
Section 2: And How Austrian Economists Predicted Every Major Economic Crisis of the Last 100 Years
Chapter 13: Who Predicted the Great Depression?
Chapter 14: The “New Economists” and the Depression of the 1970s
Chapter 15: The Return of the Austrians
Chapter 16: Bubble-Bust in Japan
Chapter 17: Who Predicted the Bubble? Who Predicted the Crash?
Bubble Predictions
Conclusions
Appendix: Some Other Predictions
Chapter 18: “Bull” Market?
Chapter 19: Housing: Too Good To Be True
More Greenspan
The Housing Bubble
Price Inflation Follows Monetary Inflation
The Dirty Secret
Do Housing Bubbles Burst?
Chapter 20: The Economics of Housing Bubbles
What Causes Housing Bubbles?
What Goes Up ...
... Must Come Down
Summary and Conclusions
Postscript — August 8, 2009
Chapter 21: Is the Housing Bubble Popping?
Chapter 22: Making Depressions Great Again
Chapter 23: String Theories
Chapter 24: What Is Wrong with ABCT?
Criticisms of the Hydraulic Version of ABCT
The Rational-Expectations Critique — Why Can’t Entrepreneurs Learn?
What about Nineteenth-Century Panics?
What about Robert Murphy’s Prediction of Double-Digit Inflation?
Chapter 25: Summary and Conclusion: End the Fed
Bibliography
Index
