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Mending the Meltdown: Fending off the Interventions and Resurrecting the Market


  • Raj, Madhusudan


This paper gives an Austrian economics answer to the present world economic crisis. It uses the Austrian Business Cycle Theory to analyze the root causes of this crisis and then presents the real solution of this problem.

Suggested Citation

  • Raj, Madhusudan, 2008. "Mending the Meltdown: Fending off the Interventions and Resurrecting the Market," MPRA Paper 15693, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:15693

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    Cited by:

    1. Peter DiIorio & Walter E. Block, 2012. "And … it's gone: the economics ofSouth Park 's Margarita (housing bubble) episode," Humanomics: The International Journal of Systems and Ethics, Emerald Group Publishing, vol. 28(1), pages 76-84, February.
    2. Walter Block, 2011. "Destined For Failure: American Prosperity In The Age Of Bailouts," Romanian Economic Business Review, Romanian-American University, vol. 6(1), pages 189-216, March.

    More about this item


    Austrian Business Cycle Theory; ABCT; Gold Standard; Commodity money; Federal Reserve; Fractional Reserve Banking; Business Cycle; Time preference; Keynes; Economic meltdown; Financial crisis; Ludwig von Mises; Rothbard; Hazlitt;

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages


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