Tags » Austrian Business Cycle Theory

Excess Volatility Strikes Again

Both David Henderson and Scott Sumner had some fun with this declaration of victory on behalf of Austrian Business Cycle Theory by Robert Murphy after the recent mini-stock-market crash. 1,084 more words


Why Renminbi is in devaluation?

Dr. Zhu Haijiu

On August 11st, China Central Bank, the People’s Bank of China (PBC) declared to downturn the central parity rate of Renminbi (RMB) against foreign currencies, then the exchange rate of RMB decreased 4.4% from August 11st to August 14th. 1,416 more words


Was the Recession Caused by a Lack of Spending?

The National Bureau of Economic Research (NBER) officially dates the most recent recession from December 2007 until June 2009, which is the shaded area in the graph below. 342 more words

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In Praise of Israel Kirzner

Over the holiday weekend, I stumbled across, to my pleasant surprise, the lecture given just a week ago by Israel Kirzner on being awarded the 2015 Hayek medal by the Hayek Gesellschaft in Berlin. 2,630 more words


Recession Unemployment Data Fits Austrian Theory

I just wrote a piece reviewing the Austrian Business Cycle Theory, Hayekian Triangle (mostly for my own understanding), but I wanted to run a central feature of the theory across some data. 403 more words

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