ABSTRACT: The 2007/8 financial crisis and economic recessions, much like the Great Depression of 1929, stimulated an increased interest in macroeconomics in general and business cycle theory in particular. Aside from a renewed interest in the various interpretations of Keynesianism, particular attention was devoted to the Austrian School. In ………………
Are Structural Fluctuations Natural or Policy-Induced? Analyzing Mises’s and Schumpeter’s Contributions to Business Cycle Theory
Wenn die Massen im Chor singen, wird der größte Stumpfsinn zu einer feierlichen Hymne.
— Leopold Kohr (1909 – 1994)