Antony Mueller:
Financial Cycles,
Business Activity, and
Asset Valuation
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click on:
Financial Cycles
The Continental Economics Institute (CEI)
Money, markets and the business cycle in a global perspective based on Austrian economics
Video Presentation:
Inflation and Deflation
in Capital-Based
Macroeconomics
by Antony Mueller
To start the webcast
click on:
Capital-Based
Macroeconomics

New! New! New!
The Bailout Reader
What's Behind the Financial Market Crisis? by Antony Mueller:
"The financial crisis is not over. Neither tax rebates nor low interest
rates nor higher or lower exchange rates can do the job of reviving
an economy that is burdened by debt loads that are too high.
On the contrary: the policy measures that the US authorities have
been applying will prolong the agony. Be prepared for the
challenges of extended financial turmoil and economic stagnation."
Read more
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The Continental Economics Currency Review
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The Continental Economics Currency Review
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Money, Markets, and the Business Cycle
Current comments on currencies, monetary policy, and
financial markets:
continentaleconomics.com/blog
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Current Working Papers
"Monetary Policy and the Business Cycle
in the Perspective of Capital-based Macroeconomics"
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READINGS and RE-READINGS
A timely re-reading is the analysis of the Great Depression in Banking and the Business Cycle
by T .F. McManus and R. W. Nelson, published in 1937.
From the Foreword: "It is a melancholy fact that each generation must relearn the fundamental principles of
money in the bitter school of experience. The inflationists, it would seem, we always have with us. It is
nevertheless a duty of economists to devote attention to periodic reiteration of the ancient truths of monetary
science; it is necessary to make as familiar as possible the workings of the financial machinery if further
errors are to be avoided in the future. It is to the mismanagement of the monetary mechanism that most of
our recent troubles are chiefly ascribable."
More readings and re-readings
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