All Posts Tagged With: "business-cycle theory"

Are the Rich Necessary? Great Economic Arguments and How They Reflect Our Personal Values

George Leef is book review editor of The Freeman. In my high school days I had a friend who had been thoroughly imbued with the socialist mindset. He was willing to concede there might be some adverse consequences if the government went too far toward equality and economic control, but was adamantly in favor of [...]

2Mar2009 | George C. Leef | 0 comments | Continued

The Current Economic Crisis and the Austrian Theory of the Business Cycle

Richard Ebeling is completing his tenure as the president of FEE. This fall he will teach economics at Trinity College in Hartford, Conn. The current financial crisis emerged out of an economic boom that began in 2003 and saw rising stock values, increasing home prices, and high levels of employment and production. The upturn followed [...]

1Jun2008 | Richard M. Ebeling | 4 comments | Continued

Capital Letters

Thanks to Milton Friedman’s brilliance, charisma, and diplomacy he became an ardent spokesman for many free-market reforms in this country. And now Ivan Pongracic, Jr. (“The Great Depression According to Milton Friedman,” September 2007) gives him credit for accomplishing what seems miraculous—convincing Fed officials that the Fed itself was responsible for precipitating the crash and [...]

1Dec2007 | FEE Admin | 0 comments | Continued

A Classic Hayekian Hangover

Roger Garrison is professor of economics at Auburn University and author of Time and Money: The Macroeconomics of Capital Structure (Routledge, 2001); Gene Callahan is author of Economics for Real People (Ludwig von Mises Institute, forthcoming). Do busts follow investment booms as hangovers follow drinking binges? Dubbing the idea “The Hangover Theory” (Slate, December 3, [...]

1Jan2002 | and and Roger W. Garrison | 0 comments | Continued

Knut Wicksell: A Sesquicentennial Appreciation

Richard Ebeling is the Ludwig von Mises Professor of Economics and chairman of the economics department at Hillsdale College. In the early months of 1889 a 37-year-old Swedish student named Knut Wicksell was walking through the streets of Berlin in Germany when he happened to notice in the window of a bookstore a recently published [...]

1Dec2001 | Richard M. Ebeling | 1 comment | Continued

Gottfried Haberler: A Centenary Appreciation

During the first week of July in 1936, an international conference on the “Problems of Economic Change” was held in Annecy, France. It brought together such notable economists as Ludwig von Mises, Wilhelm Röpke, Oskar Morgenstern, Bertil Ohlin, Lionel Robbins, Dennis Robertson, Charles Rist, William Rappard, John B. Condliffe, John Van Sickle, Alvin Hansen, John [...]

1Jul2000 | Richard M. Ebeling | 3 comments | Continued

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