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

Max More max at maxmore.com
Thu Jun 25 20:42:05 UTC 2009

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.

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

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