The Austrian Business Cycle Theory and Liberty


This short conference was aimed at non-academics with expertise in the finance field and examined the principles of the Austrian theory of the business cycle and their application and relevance in analysis of the financial crisis. Readings included some of Mises’s original writings on the theory, and other classical materials on the subject.


From Liberty Fund

The Theory of Money and Credit

by By Ludwig von Mises
Introduction by Lionel Robbins
Foreword by Murray N. Rothbard

The Theory of Money and Credit integrated monetary theory into the main body of economic analysis for the first time, providing fresh, new insights into the nature of money and its role in the economy and bringing Mises into the front rank of European economists.

The Theory of Money and…

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Additional Readings

Garrison, Robert W., “Austrian Theory of Business Cycles” In Business Cycles and Depressions: An Encyclopedia, edited by David Glasner, 23-27. New York: Garland Publishing Co., 1997.

Hayek, Friedrich A. Good Money, Part I: The New World (The Collected Works of F. A. Hayek). Edited by Stephen Kresge. Indianapolis: Liberty Fund, Inc., 1999.

Mises, Ludwig von, “The 'Austrian' Theory of the Trade Cycle” In The Austrian Theory of the Trade Cycle and Other Essays, compiled by Richard Ebeling. Auburn: Ludwig von Mises Institute, 1996. 25-35.

Mises, Ludwig von. On the Manipulation of Money and Credit: Three Treatises on Trade-Cycle Theory. Indianapolis: Liberty Fund, Inc., 2011.