Yes, We Have No Chaff: A Reply to Wagner’s ‘Austrian Cycle Theory: Saving the Wheat While Discarding the Chaff’
The Quarterly Journal of Austrian Economics, Vol. 4, No. 1, pp. 63-73, Spring 2001
11 Pages Posted: 8 Jul 2011
Date Written: July 6, 2011
Richard Wagner (2000) is an attack on the Austrian business cycle (ABC) theory. Although I shall be defending the latter against the former, I welcome Wagner’s contribution to the debate on the Austrian theory of the business cycle. It provides a good background review, and provides us with an opportunity to further elaborate upon and clarify the theory.
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