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Austrian Economics and the Financial Crisis of 2008
unpublished
This article analyses where Austrian Economics find the origin of the current financial crisis and what will be done if economists adhered to Austrian economics. Previous research shows that there exists an argument by Austrian Economists of having theories that predicted the crisis and solutions that are fundamental in curbing the crisis. Due to the criticism from mainstream economists, however, this article shifts focus by instead analysing the existing literature and the credibility of both
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