Robert Murphy

Nota: De um artigo recente de Robert Murphy "Now in the standard Austrian theory of the business cycle, the question is not "How do we get out of a recession?" Rather, the question is "How do we avoid the boom?" According to the Mises-Hayek theory, the preceding boom makes the corrective bust inevitable. The goal, therefore, is not to keep the boom going, but to avoid it in the first place, rendering the bust unnecessary."