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Noah and the Ark
Murray Rothbard, America’s Great Depression 1963
George Reisman, Capitalism 1998
Lewellyn Rockwell’s Mises Institute
Joseph Salerno, Quarterly Journal of Austrian Economics
Jean-Baptiste Say, A Treatise on Political Economy, or the production, distribution and consumption of wealth 1803
Joseph Alois Schumpeter, Capitalism, Socialism and Democracy 1942
Hans Sennholz, How Can Europe Survive 1955
Thomas Sowell, Applied Economics: Thinking Beyond Stage One 2003
Walter Williams, George Mason University, More Liberty Means Less Government 1999
http://en.wikipedia.org/wiki/Austrian_School
Of these economic giants, Kondratieff’s 1926 Long Waves in Economic Life is perhaps more compelling, empirical, poignant, relevant and timely today. Stalin banished Kondratieff to the Gulag, where he died after seeing his predictions come true. K’s political sin was repudiating the idea of central state control over the economy.
http://www.kwaves.com/kwave.pdf
Facts can be pesky things
Austrian fact versus Keynesian fantasy perhaps best illustrates how dangerously wrong ideas and statements by experts about past, present or future may be.
How many straight-line neo-Keynesians called significant Dow or economic bottoms in 1903, 1932, 1938, 1942, 1974, 1982, 2002 or tops in 1929, 1937, 1966, 1987, 2000 or 2007 beforehand?
Lengthy depressions were the exception rather than rule until government and monetary Keynesian controllers applied economic theories which distorted corrective natural organic economic cycles.
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