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20 May 2011	.

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The Foundation for Economic Growth is a group of like-minded individuals who have decided to act rather than accept New Zealand's continuing poor economic performance. The Foundation is not affiliated with any political party. Add Your Comments Here.	Subscribe Free Unsubscribe
Most recent update: Mar 25th, 2013 - 16:46:15

REAL Economics : Austrian Business-Cycle Theory
Reply to Krugman on Austrian Business-Cycle Theory

One important concept for Austrian Economists is that pertaining to the way business is conducted in the REAL World.

I thought I might introduce Business Cycle Theory with this article by Robert Murphy (Austrian Economist) and Paul Krugman (Nobel Prize-winning Standard Economist).

Unless we can agree on the direct observation of facts as in any scientific endeavour we will argue endlessly round and round in circles. So, let us begin.

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Jan 25, 2011, 17:29

REAL Economics : Austrian Business-Cycle Theory
Austrian Business Cycle Theory: A Brief Explanation

This article presents some basic information about the Austrian Business Cycle. The Mises Institute website contains a wealth of information about REAL Economics and if you wish to learn in greater depth about how capitalism, money, entrepreneurs and business work then read the articles you will find here:

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Jan 24, 2011, 15:40

REAL Economics : Austrian Business-Cycle Theory
Some Additional Reflections on the Economic Crisis and the Theory of the Cycle

One year has past since I began this chapter of REAL Economics and the Banking World is now in crisis mode for all to see. Professor de Soto explains his view on the world using the Austrian Business Cycle and his knowledge of banking theory.

What can happen now and what is likely to happen.

The future is there for us all to see if we understand REAL Economics.

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Jan 23, 2011, 12:37