The Ordinary Economics of an Extraordinary Crisis
Peter J. Boettke
George Mason University - Department of Economics
William J. Luther
MACROECONOMIC THEORY AND ITS FAILINGS: ALTERNATIVE PERSPECTIVE ON THE WORLD FINANCIAL CRISIS, Steven Kates, ed., Edward Elgar Publishing
The authors offer perspective on the world financial crisis. Specifically, they claim it was a perfect storm of policy errors that caused the housing bubble and then perpetuated the recovery period into an over-extended recession.
Number of Pages in PDF File: 19
Keywords: Financial Crisis, Austrian Business Cycle
JEL Classification: B53Accepted Paper Series
Date posted: January 19, 2010
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