A reformulation of ABCT

Via the Cobden Centre the announcement of an interesting meeting of the London Mises Circle:

The seminars hosted by Ludwig von Mises, first in Vienna and later in New York, have a key place in the history and development of Austrian economics. Such figures as Hayek, Rothbard, and Hazlitt all attended.

Inspired by this the London Mises Circle is holding a seminar at the Institute of Economic Affairs at 6:30pm on November 1st.

The focus for November 1st will be the content of a paper [PDF 42 pages] by Joseph Salerno of Pace University which sought to defend and update the Austrian Business Cycle Theory in light of the financial crisis. Of course, November 1st is also the day of this blogs’ Rose and Crown drinks event where Brian Micklethwait will be speaking but in this case you may be forgiven!

John Phelan’s announcement says of the the paper that it:

responds to some of these criticisms and makes some additions and refinements to ABCT

This is a key theory, so I hope many readers will go along or at least read the whole paper.

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