Mises Daily
Author:
Gene Epstein
Online Publish Date:
Austrian business cycle theory has become the subject of a raucous debate. It began with an article by Austrian journalist Gene Epstein , writing in Barron’s about the work of Keynesian Paul Krugman of MIT. Krugman blasted back in the pages of Slate with a hit on the Austrians that fails to fully understand the theory. Excerpts follow: * * * * *