Professor Tullock on Austrian Business Cycle Theory

THE DYNAMICS OF INTERVENTION: REGULATION AND REDISTRIBUTION IN THE MIXED ECONOMY – ADVANCES IN AUSTRIAN ECONOMICS, Vol. 8, pp. 431-443, P. Kurrild-Klitgaard, ed., Elsevier Ltd., 2005

15 Pages Posted: 8 Jul 2011

See all articles by Walter E. Block

Walter E. Block

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business

William Barnett

Loyola University New Orleans

Date Written: July 6, 2011

Abstract

In "Why the Austrians Are Wrong About Depressions," Professor Tullock (1987, p. 73) makes some statements that are incorrect and others which, properly interpreted, refute or at least, fail egregiously to support, his thesis that the Austrian theory of the trade cycle is incorrect. We begin by considering one of Tullock's minor points in Section 2 and then consider his major point in Section 3. In Section 4 we take to task Tullock (1989), also on this same topic, and conclude in Section 5.

Suggested Citation

Block, Walter E. and Barnett, William, Professor Tullock on Austrian Business Cycle Theory (July 6, 2011). THE DYNAMICS OF INTERVENTION: REGULATION AND REDISTRIBUTION IN THE MIXED ECONOMY – ADVANCES IN AUSTRIAN ECONOMICS, Vol. 8, pp. 431-443, P. Kurrild-Klitgaard, ed., Elsevier Ltd., 2005. Available at SSRN: https://ssrn.com/abstract=1880562

Walter E. Block (Contact Author)

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business ( email )

6363 St. Charles Avenue
Box 15, Miller 321
New Orleans, LA 70118
United States
(504) 864-7944 (Phone)
(504) 864-7970 (Fax)

William Barnett

Loyola University New Orleans ( email )

526 Pine Street
New Orleans, LA 70118
United States

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