Abstract
What causes recessions, depressions, and financial crises? This is a question that has been asked by many economists, politicians, and other individuals, and there have been many answers given to it. In the following chapters I show that Austrian business cycle theory (ABCT) explains the causes of the business cycle in a comprehensive and logically consistent manner.
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Notes
Murray N. Rothbard, The Panic of 1819: Reactions and Policies (New York: Columbia University Press, 1962).
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© 2014 Brian P. Simpson
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Simpson, B.P. (2014). Introduction. In: Money, Banking, and the Business Cycle. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137331496_1
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DOI: https://doi.org/10.1057/9781137331496_1
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-46304-6
Online ISBN: 978-1-137-33149-6
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