The Human Action Podcast

Paul Cwik’s New Introduction to Austrian Business Cycle Theory

Human Action Podcast
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Tags: Business Cycles, Capital and Interest Theory, Central Banks, Money and Banks
Robert P. Murphy Paul F. Cwik

Paul Cwik revisits the podcast to explain his new book, which aims to simplify ABCT for economics students and professors, especially those teaching at the principles level. Dr. Cwik critiques mainstream economic theories for oversimplifying business cycles, arguing that the Austrian theory better explains systemic errors and the boom-bust cycle driven by distorted interest rates.

  • Dr. Cwik’s New Book, Austrian Business Cycle Theory: An Introduction: Mises.org/HAP468a
  • Roger Garrison’s Famous Lecture, “The Austrian Theory of the Business Cycle”: Mises.org/HAP468b
  • Richard Ebeling’s Monograph, The Austrian Theory of the Trade Cycle: Mises.org/HAP468c
  • Carilli and Dempster, “Expectations in Austrian Business Cycle Theory: An Application of the Prisoner’s Dilemma”: Mises.org/HAP468d

The Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree