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Risk and Business Cycles: New and Old Austrian Perspectives

Risk and Business Cycles: New and Old Austrian Perspectives

By Tyler Cowen

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In this book the author argues the case for the revival of an important role for monetary causes in business cycle theory, which challenges the current trend towards favouring purely real theories.

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Book Information

Publisher: Routledge
Publish Date: 07/15/2010
Pages: 176
ISBN-13: 9780415781299
ISBN-10: 0415781299
Language: English

Full Description

Risk and Business Cycles examines the causes of business cycles, a perennial topic of interest within economics. The author argues the case for the revival of an important role for monetary causes in business cycle theory, which challenges the current trend towards favouring purely real theories. The work also presents a critique of the traditional Austrian theory of the trade cycle. This controversial approach will ensure that the book is of interest to all those involved with business cycles, as well as Austrian economics.

About the Author

Tyler Cowen (Ph.D.) holds the Holbert L. Harris chair in economics at George Mason University. He is the author of a number of explanatory and text books, including The Complacent Class, as well as writing the most read economics blog worldwide,

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