Hayek on Practical Business Cycle Research: A Note

Hansjörg Klausinger

Chapter 11 in Austrian Economics in Transition, 2010, pp 218-234 from Palgrave Macmillan

Abstract: Abstract On 11 December 1926, Friedrich August Hayek wrote to Oskar Morgenstern, then at Harvard on a Rockefeller Research grant: You will wonder that it is just Professor Mises and me, having always been rather sceptical of such research methods based on statistical inquiries, who are responsible for creating this thing.1

Keywords: Business Cycle; Austrian Economy; Austrian Institute; Austrian School; Perfect Foresight (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1057/9780230281615_11

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