Booms and busts are not endemic to the free market, argues the Austrian theory of the business cycle; they come about through manipulation of money and credit by central banks.

In The Austrian Theory of the Trade Cycle and Other Essays, Austrian giants -- Mises, Rothbard, Haberler, and Hayek -- explain and defend this theory against Keynesianism and other alternatives. Roger Garrison's new introduction masterfully places the Austrian theory in its context and traces its intellectual development in the hands of these four essayists.

If you seek to understand the vicissitudes of the market at the hands of politicized puppet masters, read this monograph to acquaint yourself with the Austrian cure and its classic champions.

To search for Mises Institute titles, enter a keyword and LvMI (short for Ludwig von Mises Institute); e.g., Depression LvMI

• We started tracking this book on September 15, 2012.
• This book was £1.92 when we started tracking it.
• The price of this book has changed one time in the past 4,267 days.
• The current price of this book is £2.23 last checked one day ago.
• This book is currently at its highest price since we started tracking it.

• Business & FinanceEconomics

• Text-to-Speech: Enabled
• Lending: Disabled
• Print Length: 130 Pages
• File Size: 635 KB