[ExI] An Austrian Perspective on the Great Recession of 2008

[Max More]

Some here -- certainly Dan -- will be interested in this:

>This working paper makes the case that the Austrian Business Cycle 
>Theory is still relevant especially during this time of financial 
>crisis. The Austrian explanations of the business cycle takes into 
>account microeconomic foundations, which current standard 
>macroeconomics makes little use of in explaining and understanding 
>the dynamics of growth and business cycles. This paper argues that 
>the alternative approach to understanding business cycles and 
>economic growth espoused by the Austrian school of thought sheds a 
>great deal of light on the current recession as well as suggesting 
>ways to prevent future boom-bust cycles.
http://www.reason.com/blog/#134375


-------------------------------------
Max More, Ph.D.
Strategic Philosopher
Extropy Institute Founder
www.maxmore.com
max at maxmore.com
-------------------------------------