A Buttonwood column in the new issue of The Economist, “Taking von Mises to pieces: Why is the Austrian explanation for the crisis so little discussed?,” discusses the enormous relevance of the Austrian School of economics, including the work of F.A. Hayek, Ludwig von Mises, and Lawrence White in explaining the current economic crisis....
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Tags: Austrian School of Economics, Austrian theory of business cycle, Bailouts, Books, boom and bust, Budget and Tax Policy, capital misallocation, Carmen Reinhart, central bank, Economics, Efficient-market theory, Employment, European Central Bank, Federal Reserve, Free Market, Friedrich Hayek, Glenn Beck, Government subsidies, Great Depression, Hyman Minsky, John Maynard Keynes, Kenneth Rogoff, Lawrence White, Ludwig von Mises, Milton Friedman, monetarism, Money and Banking, money supply, Nassim Nicholas Taleb, Paul Krugman, Robert Higgs, Robert Skidelsky, The Road to Serfdom, Unemployment, Utilitarianism
