Quarterly Journal of Austrian Economics
Author:
Levi A. Russell
Michael R. Langemeier
Online Publish Date:
Volume 18, Number 1 (Spring 2015) ABSTRACT : The popularity of the Austrian Business Cycle Theory (hereafter ABCT) continues to grow in both the popular press and the mainstream of the economics profession. That the ABCT is increasingly subjected to conventional empirical analysis is a testament to its intuitive appeal. In first-world economies,