4 ms·
Umm, Austrian Business Cycle Theory? https://en.wikipedia.org/wiki/Austrian_business_cycle_theory https://en.wikipedia.org/wiki/Austrian_business_cycle_theory
by pwned1 8y ago
Umm, Austrian Business Cycle Theory?
https://en.wikipedia.org/wiki/Austrian_business_cycle_theory https://en.wikipedia.org/wiki/Austrian_business_cycle_theory
- TheCowboy 8y ago"Umm" what about this exactly?
- nickik 8y agoWhat was described in the article really is not Austrian Business Cycle Theory. Hayek when he wrote his version in the 20s deliberately did not go outside of the general equilibrium economics. Actually his mostly in agreement with modern monetarist interpretations of monetary shock being on of the prime problems. Read George Selgin, Walter White and Steve Horowitz if you are interested.