Hayek, Business Cycles and Fractional Reserve Banking: Continuing the De-Homogenization Process

The Review of Austrian Economics, Vol. 9, No. 1, pp. 77-94, 1996

18 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

Kenneth M. Garschina

affiliation not provided to SSRN

Date Written: July 6, 2011

Abstract

Science sinks or swims based on the quality of the distinctions it makes, and social science is no exception to this general rule. It is as important to make accurate differentiations in the history of economic thought as it is in any other branch of this discipline.

In this regard, the accomplishments, writings, and analytic apparatus of Ludwig von Mises and his pupil and friend, F. A. von Hayek, have been widely viewed as all but indistinguishable. And this holds true not only within the profession as a whole, but also among economists associated with the Austrian or praxeological school.

Suggested Citation

Block, Walter E. and Garschina, Kenneth M., Hayek, Business Cycles and Fractional Reserve Banking: Continuing the De-Homogenization Process (July 6, 2011). The Review of Austrian Economics, Vol. 9, No. 1, pp. 77-94, 1996. Available at SSRN: https://ssrn.com/abstract=1880632

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)

Kenneth M. Garschina

affiliation not provided to SSRN

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