What is it about?
This is an excellent book on business cycle theory. It is still widely believed Keynes won the debate versus Hayek. The authors of this book argue convincingly, however, that Hayek "got it right".
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Why is it important?
The subject matter of this book has only gained in significance and importance since the Global Financial Crisis and the Great Recession. Research into Austrian Business Cycle Theory will probably take off again and this book will be an excellent guide.
Perspectives
My appreciation of the book has only grown since I wrote the review.
Dr Ludwig Van Den Hauwe
Independent Scholar
Read the Original
This page is a summary of: The drama revisited, The Quarterly Journal of Austrian Economics, June 2000, Springer Science + Business Media,
DOI: 10.1007/s12113-000-1004-6.
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