Austrian Theory of the Business Cycle

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Uploaded by on Jun 21, 2011

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On June 9, 2011 Professor Paul Cwik lectured at the Freedom University: Austrian Economics Summer Seminar. In this video Dr. Cwik discusses the Austrian Theory of the Business Cycle.

Find out more at: http://fee.tv/?p=561

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  • This is awesome. They don't teach you this at school or university, yet this explains perfectly how aggregate GDP can appear to bestill going up while everyone is still getting poorer.

  • great lecture

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