In your opinion, whats the best book on Austrian Business Cycle Theory?

not counting smaller texts like Rothbard’s “economic depressions: cause and cure” but larger, advanced texts.

just curious.

In my opinion, the clearest, but also one of the most complete, books on the topic is Jesús Huerta de Soto’s Money, Bank Credit and Economic Cycles.

de Soto is one of the best professors as well.

Well if you want original sources you’d go for The Pure Theory of Capital (Hayek’s version) and The Theory of Money and Credit (Mises).

I got my grounding from the first section of America’s Great Depression which is great because it compares it to all competing theories (as Rothbard saw them).

Roger Garrison’s Time and Money is pretty good. He actually used to have a pretty good essay online called “An Intermediate Macro Introduction to the Austrian Business Cycle” or something like that, but I think he took it down. :frowning:

Prices and Production hands down.

On the Austrian business cycle, do you guys think that my response to this comment was adequate? I’m not sure how that post came up, as the topic doesn’t deal with the Austrian business cycle, but what can I say?

Ah, yes, the old “ATBC fails because the were business cycles before the Fed existed.” I think you did a good job.

Now, I’m not even sure what he’s saying. He seems to have abandoned his prior arguments, and begun along a new tangent.

I just got it through the mail and I flipped through some of the chapters and it looks very good. This is definately then next book I’m reading.

his assertion that interest rates are not a factor is silly. Interest rates changing only slightly can make long term capital projects profitable. This is were the malinvestment occurrs.

His post is a bunch of nonsense. He’s simply throwing words around to try to sound sophisticated.