The 'creative destruction' theory of boom and bust is no guide to today's economic turbulence. Testifying recently before a United States congressional committee, former Federal Reserve chairman Alan ...

It is contended that Pigou's scientific `vision' in Industrial Fluctuations (1927) has much in common with that of modern business cycle theory. Both stressed, though to different degrees, the ...

The financial markets are dominated by activist central banks and their fractional reserve banking partners, who, by virtue of their ability to create money (and credit) out of thin air, have a ...

The business cycle is an economics concept used to describe fluctuations in economic activity over an extended period of time. The business cycle affect the entire economy on a macro level and ...

While the NBER collects economic data ostensibly to aid policymakers, the data it acquires is useless without proper economic ...

We wrote a piece on October 16th entitled, Austrian Business Cycle Theory, Money Supply and Investment Success. In it we made the case that an investor armed with Austrian Business Cycle Theory (ABCT) ...

Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors. When times are tough, we start to question ourselves: why? Why do we deserve it? How long will it last? Will this ...

A generation ago, business-cycle theory was one of the main struggles between monetarists and Keynesians (a struggle both sides lost). For much longer than that, the debate has pitted market ...

This is a preview. Log in through your library . Abstract Previous business cycle models have made the assumption that all the variation in the labor input is either due to changes in hours per worker ...

Norbert Michel studied and wrote about financial markets and monetary policy, including the reform of Fannie Mae and Freddie Mac. Central banks … will do wisely to lay aside their inexpert ventures in ...

In “The Key to the Long Expansion? Logistics” (Inside View, July 8), Andy Kessler writes that the “animal spirits” of the business cycle have been tamed by improved logistics. This is a bold position ...