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

Nicolás Cachanosky, Alexander W. Salter

Research output: Contribution to journalArticle

14 Scopus citations

Abstract

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.

Original languageEnglish
Pages (from-to)169-192
Number of pages24
JournalReview of Austrian Economics
Volume30
Issue number2
DOIs
StatePublished - Jun 1 2017

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Keywords

  • 2008 crisis
  • Austrian business cycle theory
  • Subprime crisis

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