Heterodox
When Austrians (metaphorically) shoot themselves in the foot, the results are usually amusing.We are treated to just such a delightful spectacle here: Robert P. Murphy, “Mises and the Market,” Dailycaller.com, 26th August, 2015. http://dailycaller.com/2015/08/26/mises-and-the-market/ This is Robert Murphy’s defence of the Austrian business cycle theory (ABCT) as an explanation of recent global turmoil on stock markets and other economic problems.The astute reader will notice that in the...
Read More »