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Business Cycles

In: The Economics of Friedrich Hayek

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  • G. R. Steele

Abstract

In the period immediately following The Great War, the causes and nature of business cycles attracted much study and discussion in Germany. The impact of the war (and its aftermath) in producing enormous price fluctuations throughout Europe was the immediate stimulus for this interest. The search was for a feature of market economies that might serve as a general explanation for the experience of price instability and business fluctuations.

Suggested Citation

  • G. R. Steele, 2007. "Business Cycles," Palgrave Macmillan Books, in: The Economics of Friedrich Hayek, edition 0, chapter 9, pages 151-175, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-80148-6_9
    DOI: 10.1057/9780230801486_9
    as

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