ABCs of the Austrian Business Cycle: A Primer on Booms and Busts

By Charlie Deist

Should economists be more like geometers or weathermen? Philosophers or dentists? Prophets of doom or technicians? What did the "Great Recession" of 2007-2008 reveal about the limits of predicting and managing the ups and downs in the economy?Featuring interviews with three economists, representing the three dominant schools of macroeconomic thought, this volume explores the complex movements of monetary policy and illuminates the often-confusing but increasingly relevant debate over the causes and consequences of economic recessions. The theories of the so-called "Austrian school" are brought into dialogue with those of John Maynard Keynes, Milton Friedman, as well as modern-day thinkers who are synthesizing the best ideas into a more nuanced but still partial understanding of the business cycle.Part 1: Robert Wenzel, AustrianPart 2: Brad DeLong, NeW KeynesianPart 3: Scott Sumner, Market MonetaristKey terms are also explained in simplified "A-B-C" form, to dispel the jargon that often obscures the relatively simple underlying problem of monetary disequilibrium that is implicated in each analysis.Hang on tight and enjoy the ride.

• Format: Paperback
• Language: English
• ISBN: 1796517534
• ISBN13: 9781796517538
• Release Date: February 2019
• Publisher: Independently published
• Length: 104 Pages
• Weight: 0.47 lbs.
• Dimensions: 9.0" x 0.2" x 6.0"