Saturday, November 07, 2009

Mises In WSJ

Ludwig von Mises' business cycle theory is presented in the Wall Street Journal.Saying that he predicted the current recession is a bit misleading. It would be more accurate to say that he provide the theoretical framework to explain it. Also, he took his cue from more than Hume and Ricardo, for example Böhm-Bawerk, But otherwise, the article was relatively good.