ISBN: 978-1-933550-34-3Foreword
�e two young Professors Bagus and Howden document the sad story of the Icelandic government’s policy mistakes—the artificial creation of a boom, and the savage bust that was the inevitable outcome of this boom. Li�le have we learned since the wisdom of Mises and Hayek showed us the way concerning bu...
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| Format: | Text |
| Language: | English |
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| Online Access: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.377.4132 http://mises.org/Books/deep_freeze_howden.pdf |
| Summary: | �e two young Professors Bagus and Howden document the sad story of the Icelandic government’s policy mistakes—the artificial creation of a boom, and the savage bust that was the inevitable outcome of this boom. Li�le have we learned since the wisdom of Mises and Hayek showed us the way concerning business cycle theory. �e former are intellectual heirs of the la�er two giants of 20ᵗʰ century economics and they present the case of the small nation of Iceland, within the context of the global economy, analyzed via the lens of what has become know as the Austrian �eory of the Business Cycle, extremely well here. �is is a short book and I hope it will encourage others to write about other bigger nations: a�er all, we are all very much interdependent. I hope they will write via the insights of the great teachers of the Austrian School. For the majority of economists |
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