The view from Vienna: An analysis of the renewed interest in the Mises-Hayek theory of the business cycle

We review the post-crisis literature that engages Austrian business cycle theory and we discuss what is being said that is correct, what is being said that is incorrect, and what is not being said that ought to be said. This last category is important due to the fact that the post-crisis literature...

Full description

Saved in:
Bibliographic Details
Published in:The Review of Austrian economics 2017-06, Vol.30 (2), p.169-192
Main Authors: Cachanosky, Nicolás, Salter, Alexander W.
Format: Article
Language:English
Subjects:
Business cycles
Economics
Economics and Finance
History of Economic Thought/Methodology
Literature reviews
Political Science
Public Finance
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:We review the post-crisis literature that engages Austrian business cycle theory and we discuss what is being said that is correct, what is being said that is incorrect, and what is not being said that ought to be said. This last category is important due to the fact that the post-crisis literature engaging Austrian business cycle theory has not addressed advances in the theory made since the days of Mises and Hayek. We also highlight three key areas of contemporary economics where Austrian business cycle theory has the potential to do significant work.
ISSN:0889-3047
1573-7128
DOI:10.1007/s11138-016-0340-5