FEBRUARY 24, 2013
Broadly, a downturn in the economy where real (inflation adjusted) income shrinks. Depressions are commonly observed at the national level. Some major causes of depressions include misallocation of capital, increased uncertainty, and supply shocks.
Ben Powell - The Great Boom and Bust
Paul Cwik - Austrian Theory of the Business Cycle
MULTIMEDIA - VIDEO
NOVEMBER 14, 2012 by BENJAMIN POWELL
On June 21, 2011 Ben Powell, Associate Professor of Economics at Suffolk University, lectured at the Freedom University: Current Events Seminar. In this video Ben discusses the Housing Boom and Bust.
Directed by Brian Aitken and produced by Steven Patterson for FEE.tv: Freedom in HD.