Risk and Business Cycles: New and Old Austrian Perspectives

1st Edition

Tyler Cowen

Routledge
Published July 15, 2010
Reference - 176 Pages
ISBN 9780415781299 - CAT# Y110157
Series: Routledge Foundations of the Market Economy

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Summary

Risk and Business Cycles examines the causes of business cycles, a perennial topic of interest within economics. The author argues the case for the revival of an important role for monetary causes in business cycle theory, which challenges the current trend towards favouring purely real theories. The work also presents a critique of the traditional Austrian theory of the trade cycle. This controversial approach will ensure that the book is of interest to all those involved with business cycles, as well as Austrian economics.

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