Reply to George Selgin on Austrian Business Cycle TheoryLiberty Matters (2014)
I appreciate George’s clarifications, which help push our conversation into more interesting realms. I am a great admirer of his work on monetary economics, believing he has made major contributions. I certainly did not intend to misrepresent George’s views. Nor do I have any fully developed business cycle theory of my own to offer as an alternative to his. I consider this to be the great unresolved issue in macoeconomics. While I believe, as I said before, that Austrian theory offers some penetrating insights, I do not find any of its variants to be entirely satisfactory.
Publication DateFebruary 6, 2014
Citation InformationJEFFREY ROGERS HUMMEL. "Reply to George Selgin on Austrian Business Cycle Theory" Liberty Matters (2014)
Available at: http://works.bepress.com/jeffrey_hummel/86/