- Martin Wolf, of the Financial Times asks whether Austrian economists have a superior understanding of financial crises. (Having him ask this on April Fools Day doesn't help my case that Austrian Business Cycle Theory is still worth refuting.)
- Paul Krugman answers and clarifies.
- Brad DeLong answers. (I don't like that Brad makes Austrian school economics to be almost solely a matter of policy advocacy with little supposed analytical content behind it. That may be how Ron Paul and random internet-based commentators put it, but something different can be found in old literature.)
- Tyler Cowen comments. (I think the point is to throw out ABCT.)
- What do you think of this old post from Peter Boetke? Does he get at a fundamental weakness of mainstream price theory in lacking any convincing dynamics?
6 months ago