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Professor Tullock on Austrian Business Cycle Theory

In: The Dynamics of Intervention: Regulation and Redistribution in the Mixed Economy

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  • William Barnett
  • Walter Block

Abstract

In “Why the Austrians Are Wrong About Depressions,” ProfessorTullock (1987, p. 73)makes some statements that are incorrect and others which, properly interpreted, refute or at least, fail egregiously to support, his thesis that the Austrian theory of the trade cycle is incorrect. We begin by considering one of Tullock's minor points in Section 2 and then consider his major point in Section 3. In Section 4 we take to taskTullock (1989), also on this same topic, and conclude in Section 5.

Suggested Citation

  • William Barnett & Walter Block, 2004. "Professor Tullock on Austrian Business Cycle Theory," Advances in Austrian Economics, in: The Dynamics of Intervention: Regulation and Redistribution in the Mixed Economy, pages 431-443, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:aaeczz:s1529-2134(05)08018-x
    DOI: 10.1016/S1529-2134(05)08018-X
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