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The Austrian Theory of the Trade Cycle and Other Essays


  


 : The Austrian Theory of the Trade Cycle and Other Essays

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Binding: Paperback
EAN: 9780945466215
Edition: 2
ISBN: 0945466218
Label: Ludwig Von Mises Inst
Manufacturer: Ludwig Von Mises Inst
Number Of Pages: 125
Publication Date: 1996-03
Publisher: Ludwig Von Mises Inst
Studio: Ludwig Von Mises Inst




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Editorial Review:

Product Description:
Booms and busts are not endemic to the free market, argues the Austrian theory of the business cycle, but come about through manipulation of money and credit by central banks. In this monograph, Austrian giants explain and defend the theory against alternatives. Includes essays by Mises, Rothbard, Haberler, and Hayek. In his later years, Professor Haberler distributed many of these monographs to friends and associates. New edition with an introduction by Roger Garrison and an index.



Customer Reviews
Average Rating:  out of 5 stars

Rating: 4 out of 5 stars - The Austrian Theory of the Trade Cycle
Concise and easy to read. Explains how we got to the current economic crisis and raises questions in my mind about the effectiveness of measures currently being taken to revive the economy.



Rating: 4 out of 5 stars - Good intro
I'm pretty ignorant concerning economics, so much of this went over my head, but I think it might be about the simplest and most introductory view of the Austrian view you're going to get.



Rating: 5 out of 5 stars - Very Good Review of Austrian economics
Short and concise essay describing the real economic process and why business cycle occurs, contrary to unsatisfactory explanation by Keynesian economics. Recommended to read if you are interested in economics.



Rating: 5 out of 5 stars - Powerful and Remarkably Timely
This is a very insightful collection of essays from many of the leading "Austrian School" trade economists. They run from essays in the 30s aimed at countering the wave of post-depression social planning to essays in the 70s arguing against Keynesian economics. The key economic insight across the essays is the temportal nature of the Austrian view of business cycles. An artificially low interest rate (mandated by banks or the central government) increases investment in primary goods. Before the ... Read More



Rating: 4 out of 5 stars - Austrian macro-economics without any criticisms
A lovely succinct account from four towers in a tradition of economics that is widely represented in the financial markets. Roger Garrison - himself a leading light in modern times - leads off with a brief overview. The nice thing is that Garrison manages to get it all across without resorting to waffle - another Austrian tradition.

In fact, in my view, Garrison is the star of this review since his ability to keep it simple is a tremendous asset. Anyone familiar with the dark mutterings ... Read More




 



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