Austrian Business Cycle Theory

Introduction to Austrian Business Cycle Theory

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Austrian Business Cycle Theory by Jesus Huerta De Soto

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The Austrian Theory of the Trade Cycle and Other Essays by Ludwig von Mises, F.A Hayek, Murray Rothbard and Gottfried Haberler

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Money, Bank Credit, and Economic Cycles by Jesus Huerta De Soto

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Human Action by Ludwig von Mises *Pages 476-573*

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Time and Money by Roger Garrison

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The Theory of Money and Credit by Ludwig von Mises *Pages 261-405*

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On the Manipulation of Money and Credit by Ludwig von Mises *Pages 83-102*

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Monetary Theory and the Trade Cycle/Prices and Production and Other Works by F.A Hayek *Pages 1-130/189-336*

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The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century by Mark Thornton

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Profits, Interest, and Investment by F.A Hayek

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The Process of Credit Expansion and the Money Supply

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Austrian Definitions of the Supply of Money by Murray Rothbard

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Money, Sound and Unsound by Joseph Salerno *Pages 115-151/199-236*

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Money-Supply Metrics, the Austrian Take by Michael Pollaro

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Are MMMFs Money? by Jeff Haymond

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The Mystery of the Money Supply Definition by Frank Shostak

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The Monetary Contraction of 2008/09: Assessing UK Money Supply Measures in Light of the Financial Crisis by Anthony J. Evans and Toby Baxendale

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Getting the Measure of Money by Anthony Evans

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Monetary Ratios in a Modern Regime: Why the Monetary Base Still Matters by Anthony J Evans

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Money Creation—Not Low-Interest Rates—Is Behind the Boom-Bust Cycle by Joseph Salerno

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Money, Bank Credit, and Economic Cycles by Jesus Huerta De Soto *Pages 167-263*

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Dynamic Monetary Theory and the Phillips Curve with a Positive Slope by Adrián Osvaldo Ravier

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The Non-Neutrality of Money: A Response to Dr. Humphrey by Adrián Osvaldo Ravier

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An Austrian Rehabilitation of the Phillips Curve by Robert F. Mulligan

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The Role of Shadow Banking in the Business Cycle by Arkadiusz Sieroń

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The Unresolved Problem of Gratuitous Credit in Austrian Banking Theory by Raymond C. Niles

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A Modern Concept of Asset Price Inflation in Boom and Depression by Brendan Brown

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The Unintended Consequences of Easy Money: How Access to Finance Impedes Entrepreneurship by Anthony Evans

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Merger Waves and the Austrian Business Cycle Theory by Jimmy Saravia

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Cantillon on the Cause of the Business Cycle by Mark Thornton

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The Non-Price Effects of Monetary Inflation by Arkadiusz Sieroń

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The Term Structure of Savings, the Yield Curve, and Maturity Mismatching by Philip Bagus and David Howard

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Toward a New Austrian Macroeconomics by Veetil and White

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A Note on Some Recent Misinterpretations of the Cantillon Effect by Arkadiusz Sieroń

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Lucas and Hume on Monetary Non-Neutrality: A Tension between the Logic and the Technique of Economics by Simon Bilo

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Neutral money: Historical Fact or Analytical Artifact? by Simon Bilo and Richard E. Wagner

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Transactions, Credit, and Central Banking in a Model of Segmented Markets by Stephen D. Williamson

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A Simple Model of First-Round Effects by Simon Bilo

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Non-Neutrality of Credit Expansion on the Structure of Production

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The Relative Price Effects of Monetary Shocks by Nathan S. Blake and Mark A Wayne

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The Responses of Prices at Different Stages of Production to Monetary Policy Shocks by Todd E. Clark

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The Anatomy of a Credit Crisis: The Boom and Bust in Farm Land Prices in the United States in the 1920s by Rodney Ramcharan and Raghuram Rajan

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Inequality, Leverage, and Crises By Michael Kumhof, Romain Rancière, and Pablo Winant

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Inflation and Income Inequality by Arkaduisz Sieron

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Monetary Growth and Wealth Inequality by Sutirtha Bagachi, Michael Curren, and Matthew J. Fagerstorm

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How Cantillon and Hume Propose the Same Theory of First-Round Effects by Simon Bilo

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Effects of Credit Expansion on the Structure of Production

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Money, Bank Credit and Economic Cycles by Jesus Huerta De Soto *Pages 265-385*

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Profits, Interest, and Investment and Other Essays on the Theory of Industrial Flucuations by F.A. Hayek

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The Importance of Capital Theory by Robert Murphy

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Overconsumption and Forced Saving in the Mises-Hayek Theory of the Business Cycle by Roger W. Garrison

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An Investigation of Inverted Yield Curves and Economic Downturns by Paul F. Cwik

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A Hayekian Analysis of the Term Structure of Production by Robert F. Mulligan

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Interest Rates, Roundaboutness, and Business Cycles: An Empirical Study by Mark Gertsen

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Money, Liquidity, and the Structure of Production by Joshua R. Henderson and Alexander William Slater

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New-Product Research and Development: The Earliest Stage of the Capital Structure by James McClure and David Chandler Thomas

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Interest Rates and Investment Coordination Failures by Joshua R. Hendrickson

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On Hayekian Triangles by Walter Block and William Barnett

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Taxes and the Structure of Production by Walter Block and William Barnett

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Is the Virus of International Macroeconomic Interventionism Infectious? An ABCT Analysis by Walter Block, Lucas M. Engelhardt and Jeffrey M. Herbener

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Austrian Business Cycle Theory, Keynes's General Theory, Soaring Wheat Prices, and Subprime Mortgage Write-Downs by G. R. Steele

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The Rise and Fall of the Subsistence Fund as a Resource Constraint in Austrian Business Cycle Theory by Eduard Braun and David Howden

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Entrepreneurial Ignition of the Business Cycle: The Corporate Finance of Malinvestment by Gabriel A. Giménez Roche

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Some Refinements in Austrian Trade-Cycle Theory by J. Stuart Wood

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Corporate Risk Evaluation in the Context of Austrian Business Cycle Theory by Joanna Kruk

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The Mises-Hayek Business Cycle Theory, Fiat Currencies and Open Economies by Nicolas Cachanosky

 

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The Upper Turning Point in the Austrian Business Cycle Theory by Anthony Evans, Nicolás Cachanosky and Robert Thorpe

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Credit Expansion and Neglected Crash Risk by Matthew Baron and Wei Xiong

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Systemic Appraisal Optimism and Austrian Business Cycle Theory by Robert C.B. Miller

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The Ricardo Effect and the Labor Market

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Individualism and Economic Order by F.A. Hayek *Pages 220-254*

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Labour Market Effects in the Austrian Business Cycle Theory by Matthew Schaffer

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A Development of the Theory of the Ricardo Effect by Philip Ruys

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Efficiency Wages and Involuntary Unemployment Revisited by Pavel Ryska and Jan Průša

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Sticky Wages, Efficiency Wages, and Market Process by Don Bellante

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Monetary Policy and Inequality under Labor Market Frictions and Capital-Skill Complementarity by Juan J. Dolado, Gergo Motyovszki, and Evi Pappa

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The Economic Crash and Recovery Process

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The Liquidation Phase and Profit Margins by Paul F. Cwik and Harry C. Veryser

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Knowledge Shifts and the Business Cycle: When Boom Turns to Bust by David Howden

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Explaining Malinvestment and Overinvestment by Larry J. Sechrest

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Capital in Disequilibrium: Understanding the "Great Recession" and the Potential for Recovery by John P. Cochran

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Austrian Business Cycle Theory, Keynes's General Theory, Soaring Wheat Prices, and Subprime Mortgage Write-Downs by G. R. Steele

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Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan Joe Peek and Eric S. Rosengren

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Measuring Real Economic Effects of Bailouts: Historical Perspectives on how Countries in Financial Distress have Fared With and Without Bailouts by Michael Bordo and Anna J. Schwartz

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Capital Allocation and Productivity in South Europe by Gopinatm, Kalemli-Ozcan, Karabarbounis and Sanchez

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The Productivity Growth Slowdown in Advanced Economies: Causes and Policy Recommendations by Marcin Wroński

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Econometrics Supporting ABCT

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Money, Bank Credit and Economic Cycles by Jesus Huerta De Soto *Pages 37-114/476-505*

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Empirical Evidence for the Austrian Business Cycle Theory

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The Panic of 1819: Reactions and Policies by Murray Rothbard

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A Monetary History of the United States by Murray Rothbard

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The Depression of 1873–1879: An Austrian Perspective by Patrick Newman

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The Depression of 1920–1921: A Credit Induced Boom and a Market-Based Recovery? by Patrick Newman

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The Anatomy of a Credit Crisis: The Boom and Bust in Farm Land Prices in the United States in the 1920s by Rodney Ramcharan and Raghuram Rajan

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The Great Depression as a Credit Boom Gone Wrong by Barry Eichengreen* and Kris Mitchener

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Prices in Recession and Recovery by Federick Mills

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An Empirical Examination of Austrian Business Cycle Theory by Robert Mulligan

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U.S. Monetary Policy’s impact on Latin America’s structure of production (1960-2010) Nicolás Cachanosky

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Is the Austrian Business Cycle Theory Still Relevant? by Anthony M. Carilli and Gregory M. Dempster

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The Roaring Twenties and the Bullish Eighties: The Role of Government in Boom and Bust by Roger W. Garrison

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What has been breaking U.S. Banks? by Lawrence White

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The Recession of 1990: An Austrian Explanation by Arthur Middleton Hughes

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The Recession of 1990: A Comment by Paul F. Cwik

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Does Austrian Business Cycle Theory Help Explain the Dot-Com Boom and Bust? by Gene Callahan

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Adverse Effects of Unconventional Monetary Policy by Andreas Hoffmann and Gunther Schnabl

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The Worst Recession in 25 years? by Robert Murphy

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Housing: Too Good to Be True by Mark Thornton

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How Healthy Are the Banks? by Frank Shostak

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Austrian Business Cycle Theory in Light of the Financial Crisis: The Paradox of Prediction by Anthony J. Evans

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A Reformulation of Austrian Business Cycle Theory in Light of the Financial Crisis by Joseph Salerno

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The Subprime Crisis by Adrián Osvaldo Ravier and Peter Lewin

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The Plucking Model, the Great Recession, and Austrian Business Cycle Theory by Ryan Murphy

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The Role of Trust in the 2008 Financial Crisis by Luigi Zingales

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Austrian Business Cycle Theory and the Global Financial Crisis: Confessions of a Mainstream Economist by Jerry H. Tempelman

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Can Austrian Theory Explain Construction Employment? by Robert Murphy

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An Empirical Application of the EVA Framework to Business Cycles by Nicolas Cachanosky and Peter Lewin

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Austrian Business Cycle Theory and Global Financial Crisis: Some Lessons for Macroeconomic Risk and Financial Stability by Ersan Bocutoğlu and Aykut Ekinci

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Not Enough Bricks: Monetary Misperceptions and the UK Housing Boom UK economy from 1994–2007 by Anthony Evans

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The Time Structure of Production in the US, 2002–2009 by Andrew Young

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Austrian Economics: Application on Norwegian Business Cycles by Håkon Bjerkenes, Håkon Kiil, and Paal Anker-Nilssen

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The Effects of U.S. Monetary Policy on Colombia and Panama by Nicolas Cachanosky

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How Did We Get into This Financial Mess? by Lawrence H. White

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Monetary Policy, the Composition of GDP and Crisis Duration in Europe by Nicolas Cachanosky

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Empirical Revelation of the Austrian business Cycle Theory in Japan by Cristofer Larsson

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Monetary Policy and Capital–Based Macroeconomics: An Empirical Examination for the United States (1963–2012) by Eloy A. Fisher

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The Empirical Relevance of the Mises-Hayek theory of the Trade Cycle by Robert B. Lester and Jonathan S. Wolff

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An Empirical Analysis of the Austrian Business Cycle Theory by William J. Luther and Mark Cohen

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Monetary Policy, Vagabonding Liquidity and Bursting Bubbles in New and Emerging Markets - An Overinvestment View by Schnabl, Gunther and Hoffmann, Andreas

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Unintended Consequences of ECB Policies by Andreas Cachanosky and Nicholas Hoffmann

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Austrian Business Cycle Theory: Empirical Evidence Francis Bismans and Christelle Mougeot

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Empirical Evidence on the Austrian Business Cycle Theory by James P. Keeler

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Putting Austrian Business-Cycle Theory to the Test by Robert Murphy

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Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870–2008 by Moritz Schularick and Alan M. Taylor

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Central Banking and Crisis Management from the Perspective of Austrian Business Cycle Theory by Gunther Schnabl

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The Financial Cycle and Macroeconomics: What have we learnt? by Claudio Borio

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Evidence Regarding the Structure of Production by Larry J. Sechrest

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Housing Bubbles and Interest Rates by Christian Hott and Terhi Jokipii

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When Credit Bites Back: Leverage, Business Cycles, and Crises by Oscar Jorda, Moritz Schularick, and Alan M. Taylor

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The Productivity Gap: Monetary policy, the Subprime Boom, and the post-2001 Productivity Surge by George Selgin, David Beckworth, and Berrak Bahadir

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Monetary Nationalism and International Economic Stability by Andreas Hoffmann and Gunther Schnabl

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The Effect of Monetary Policy on Real Growth Cycles by Nicholas A. Fett

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Paper tigers? A Model of the Asian Crisis by Giancarlo Corsetti, Paolo Pesenti and Nouriel Roubini

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Bubbles and Central Banks: Historical Perspectives by Markus K. Brunnermeier and Isabel Schnabel

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Secular Growth Model

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Does the Concept of Secular Growth Have a Place in Capital-Based Macroeconomics? by Joseph Salerno

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A Capital-Based Theory of Secular Growth by Andrew Young

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Garrisonian Macroeconomics by Jörg Guido Hülsmann

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Secular Growth in Garrison's Model: A Comment by Nicolás Cachanosky

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Is Garrison's Notion of "Secular Growth" Compatible With the Solow Growth Literature? by Robert Murphy

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A Mathematical Version of Garrison's Model by Nicolás Cachanosky and Alexandre Padilla

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Schumpeterian Business Cycle Theory and ABCT

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Are Structural Fluctuations Natural or Policy-Induced? Analyzing Mises's and Schumpeter's Contributions to Business Cycle Theory by Bernardo Ferrero

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A Schumpeterian Heterogeneous Agent Model of the Business Cycle by Frank Schohl

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Sylos Labini's Unpublished Notes on Schumpeter's Business Cycles by Carmelo Ferlito

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The Natural Cycle: Why Economic Fluctuations are Inevitable. A Schumpeterian Extension of the Austrian Business Cycle Theory by Carmelo Ferlito

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Entrepreneurship, Economic Evolution, and the End of Capitalism: Reconsidering Schumpeter's Thesis by Matthew McCaffrey

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Minsky and ABCT

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Understanding Financial Instability: Minsky Versus the Austrians by Ludwig Van den Hauwe

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Competing Explanations of the Minsky moment: The Financial Instability Hypothesis in Light of Austrian Theory by David L. Prrychitko

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Responses to Friedman on ABCT

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Time and Money by Garrison *Pages 221-235*

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Friedman's Plucking Model, A Comment by Roger Garrison

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The Importance of Capital Theory by Robert Murphy

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Rational Expectations and ABCT

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The Austrian Business Cycle Theory: A Defense of Its General Validity by Mihai Macoevi

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Why Don't Entrepreneurs Outsmart the Business Cycle? by Brian J. Stanely

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Expansionary Monetary Policy and Decreasing Entrepreneurial Quality by Lucas Engelhardt

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Austrian Business Cycle Theory in Light of Rational Expectations: The Role of Heterogeneity, the Monetary Footprint, and Adverse Selection in Monetary Expansion by J. Evans and Toby Baxendale

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Professor Tullock On Austrian Business Cycle Theory by William Barnett, II and Walter Block

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Expectations in Austrian Business Cycle Theory: An Application of the Prisoner's Dilemma by Anthony M. Carilli and Gregory M Dempster

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The Rational Expectations Objection to Austrian Business Cycle Theory: Prisoner’s Dilemma or Noisy Signal? by Robert Murphy

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Unbiased Expectations and Hayek’s Business Cycle Theory by Simon Bilo

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Austrian Business Cycle Theory: A Corporate Finance Point of View by Paul F. Cwik

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Expectation in Austrian Business Cycle Theory: Market Share Matters by Nicolas Cachonasky

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Malinvestment by Randall G. Holcombe

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Entrepreneurial ignition of the business cycle: The corporate finance of malinvestment by Gabriel A. Giménez Roche

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An Austrian View of Expectations and Business Cycles by Paul D. Mueller

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Systemic Appraisal Optimism and Austrian Business Cycle Theory by Robert C.B. Miller

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Tullock Vs. Salerno and Block

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Why the Austrians Are Wrong about Depressions by Gordon Tullock

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Professor Tullock on Austrian Business Cycle Theory by Walter Block

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Comment on Tullocks why Austrians are Wrong about Depressions by Joseph Salerno

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Idle Resources and ABCT

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The Theory of Ideal Resources by William Hutt

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America's Great Depression by Murray Rothbard *Pages 29-30*

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Human Action by Ludwig von Mises *Pages 573-578*

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Prices and Production by F.A. Hayek *Pages 273-275*

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Fiscal Policy Capital Based Macroeconomics with Idle Resources by Nicolas Cachanosky and Adrian Ravier

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Rethinking Capital-Based Macroeconomics by Adrian Ravier

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ABCT Exchanges

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Cowen vs Block:

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Risk and Business Cycles: New and Old Austrian Perspectives by Tyler Cowen

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Tyler Cowen on Austrian Business Cycle Theory: A Critique by Walter Block

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