I got an email asking me to recommend some readings in Austrian Business Cycle theory. I suspect the individual wasn’t asking that I recommend they read Mises and Hayek or even Rothbard. So here are some secondary sources (in no particular order):
John P. Cochran and Fred R. Glahe The Hayek-Keynes Debate: Lessons for Current Business Cycle Research
Mark Skousen The structure of production
Mark Skousen Vienna & Chicago, Friends or Foes?: A Tale of Two Schools of Free-Market Economics (highly recommended)
Roger Garrison Time and Money: The Macroeconomics of Capital Structure and Austrian Macroeconomics: A Diagrammatical Exposition
Steve Horwitz Microfoundations and Macroeconomics: An Austrian Perspective
Tyler Cowen has a series of clips talking about business cycle research here. He also has a book Risk and Business Cycles: New and Old Austrian Perspectives – I haven’t read it so can’t comment I just include it for completeness.
The Garrison and Horwitz books are compliments IMHO and if you were only going to read one book on that list then Skousen’s Vienna & Chicago, Friends or Foes? should be the book.
That name Rothbard rings a bell. Something to do with pimping swans to the aristocracy.
Blogstrop
15 Jan 13 at 6:17 am
The silence you hear is the silence of hundreds of Cat readers pouring through the works on the Austrian Business Cycle
”
The Garrison and Horwitz books are compliments IMHO ”
Hmmm
“Darling is my microfoundations laid on too thick?”
“No sweetheart, its right out of Garrison and Horwitz.”
Not what I would use for compliments, but who am I to judge?
Grey
15 Jan 13 at 5:10 pm
You’re an imbecile, Grey.
You are arguing that having microfoundations for macroeconomics is wrong.
Thanks Sinclair.
.
16 Jan 13 at 9:45 am
Since the entire admittedly minor point I was making seems to have gone whoosh over your head, I would say that insult was rather ironic, dot, wouldn’t you?
Grey
16 Jan 13 at 6:44 pm