Introduction

Brian P. Simpson

A chapter in Money, Banking, and the Business Cycle, 2014, pp 1-5 from Palgrave Macmillan

Abstract: 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.

Keywords: Interest Rate; Business Cycle; Federal Fund Rate; Business Cycle Theory; Real Business Cycle (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-33149-6_1

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DOI: 10.1057/9781137331496_1

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