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Tag Archives: business
Further Notes on Capital Theory and Unemployment
Austrian capital theory does explain why the consumer-good industry is hit, along with the capital-good industry, during recessionary periods. Furthermore, Austrian business cycle theory is not real business cycle theory – there is a different in causation, while the latter tends to lend itself to the pitfalls of macroeconomic aggregation. Continue reading
Posted in Theory
Tagged Austrian, business, Capital, cycle, Krugman, Theory, Unemployment
7 Comments
Unemployment in the Hangover Theory
Krugman argues that Austrian theory doesn’t explain why a fall in production occurs in sectors not directly related to the housing sector. This is untrue. Austrian capital theory explains this perfectly. Continue reading
Rational Expectations and Austrian Theory
A defense of Austrian business cycle theory from Caplan’s rational expectations criticism. Continue reading
Posted in Theory
Tagged Austrian, bryan, business, caplan, cycle, expectations, rational, Theory
5 Comments
Don’t Listen to Bloggers
Should the public only accept the opinion of academics? Continue reading
Structural Unemployment and Business Cycles
High natural unemployment is a product of poor labor policy, and not of markets or the length of recessions. Continue reading
Did Keynes Avoid the Austrians?
Did Keynes avoid the Austrians? No. Continue reading
A Primer on Austrian Economics
There are some basic questions that most beginners ask when first delving into Austrian theory. What is Austrian economics? Who are these Austrian economists? Why is Austrian economics relevant in today’s world? Continue reading
Posted in History, Theory
Tagged Austrian, business, cycle, Economics, introduction, money, neutrality, praxeology, primer
4 Comments
Gold Standard, Not God Standard
An increase in gold specie can cause a business cycle. Continue reading
Devalued Yuan and Distortion
Does Chinese currency devaluation cause business cycles in the United States? Some believe so, but I argue ‘no’. Continue reading
Posted in Theory
Tagged business, China, cycle, devaluation, distortion, inflation, production, renminbi, structure, yuan
1 Comment
Interesting Links
Some links for the week of 29 April 2010. Continue reading