Quarterly Journal of Austrian Economics
Author:
Joseph T. Salerno
Online Publish Date:
Volume 17, No. 1 (Spring 2012) ABSTRACT: The financial crisis and the events leading up to it have sparked a remarkable renewal of interest in Austrian Business Cycle Theory (ABCT). A number of mainstream macroeconomists have criticized this resurgence of interest in ABCT on the grounds that the theory cannot explain the positive correlation of