What Austrian Business Cycle Theory Does and Does Not Claim as True

2 Pages Posted: 18 Oct 2010

Abstract

Contemporary economic commentators have a habit of dismissing Austrian business cycle theory on the grounds that the implications for policy responses are unconvincing. Often the ‘Austrian’ position is misunderstood. But even if we wish to draw on other schools of thought to understand depressions, this does not affect the importance of Austrian insights to explain the boom.

Suggested Citation

Evans, Anthony J., What Austrian Business Cycle Theory Does and Does Not Claim as True. Economic Affairs, Vol. 30, Issue 3, pp. 70-71, October 2010, Available at SSRN: https://ssrn.com/abstract=1692375 or http://dx.doi.org/10.1111/j.1468-0270.2010.02025.x

Anthony J. Evans (Contact Author)

ESCP Business School ( email )

537 FINCHLEY ROAD
LONDON, NW37BG
United Kingdom

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