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Recently a fellow Austrian commented on my post Austrian Economists Need to Get Their Business Cycle Theory Straight . I will post his statements from Correction on the Austrian Business Cycle Theory and comment on them when necessary: One criticism that has come up is that the Austrian theory does not...
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I have described the basic workings behind the business cycle more or less accurately. However, I have noticed that some things in my description and conclusions remain inconsistent. The lines between too much production spending and too much consumption spending are blurry and confusing. It is necessary...
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You are very accurate with this great observation. I wrote a piece on what I think is not a flaw, but rather a correctable insufficiency of the ABCT: I have described the basic workings behind the business cycle more or less accurately. However, I have noticed that some things in my description and conclusions...
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A friend of mine sent me the wiki "Critiques" of Austrian Business Cycle Theory. The red flag I noted was the line Nobel laureate Paul Krugman I was wondering if anyone had any thoughts on these points. I haven't read up on the crashes that they speak of - any thoughts on these "Critiques"...
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Hello, I have been reading Mises.org now for about 6 or 7 years and it has really been the best teacher I've ever had on almost any social science topic I've been interested in. Usually questions I have can be answered by doing searches on the site or at least i can be directed to something off...
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Hey, just a quick question... while I know Hayek and Mises both wrote at length on the topic, which work was consider the definitive text on the Business Cycle. Also, which book goes most into depth about Hayekian Triangles? Thanks in advance!