The Ordinary Economics of an Extraordinary Crisis

MACROECONOMIC THEORY AND ITS FAILINGS: ALTERNATIVE PERSPECTIVE ON THE WORLD FINANCIAL CRISIS, Steven Kates, ed., Edward Elgar Publishing

19 Pages Posted: 19 Jan 2010  

Peter J. Boettke

George Mason University - Department of Economics

William J. Luther

Kenyon College; American Institute for Economic Research

Date Written: 2010

Abstract

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.

Keywords: Financial Crisis, Austrian Business Cycle

JEL Classification: B53

Suggested Citation

Boettke, Peter J. and Luther, William J., The Ordinary Economics of an Extraordinary Crisis (2010). MACROECONOMIC THEORY AND ITS FAILINGS: ALTERNATIVE PERSPECTIVE ON THE WORLD FINANCIAL CRISIS, Steven Kates, ed., Edward Elgar Publishing . Available at SSRN: https://ssrn.com/abstract=1529570

Peter J. Boettke (Contact Author)

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States
703-993-1149 (Phone)
703-993-1133 (Fax)

William J. Luther

Kenyon College ( email )

Gambier, OH 43022
United States

HOME PAGE: http://www.wluther.com

American Institute for Economic Research

PO Box 1000
Great Barrington, MA 01230
United States

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