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Austrian business cycle theory and rational expectations
Although Austrian business cycle theory (ABCT) is a powerful price-theoretic explanation for monetary-induced booms and busts, it is not without critics. Indeed, many find ABCT implausible for two reasons. The first is that it seems to rely on individuals making systematic and economy-wide errors. This seems inconsistent with rational decision making, especially the theory of rational expectations. The second […]
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Bryant Students Explore Career Options at AIER
As part of our mission, the American Institute for Economic Research engages in multiple outreach activities promoting the love of economics, career readiness skills, and an experiential approach to learning. We are building the cadre of alumni of our education programs, who keep in touch with the Institute over time.
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