The Austrian view of depressions

Abstract

Perhaps I should begin with a little discussion of how I got involved with Austria to begin with. This will also include the rather bizarre way I got into economics. I was a student in the University of Chicago law school and they required all such students to take a one-quarter course in economics under Henry Simons, one of the founders of the Chicago school. He was a proponent of the view that depressions were caused by deflation. I found myself in complete agreement, and still am.

Citation

Tullock, G. (2004), "The Austrian view of depressions", Kurrild-Klitgaard, P. (Ed.) The Dynamics of Intervention: Regulation and Redistribution in the Mixed Economy (Advances in Austrian Economics, Vol. 8), Emerald Group Publishing Limited, Leeds, pp. 445-450. https://doi.org/10.1016/S1529-2134(05)08019-1