Roger W. Garrison compares Keynes and Hayek on the Business Cycle

I really enjoyed Roger W. Garrison's lecture from the Mises University 2008 podcasts. He shows mathematically how Keynes' explanation of the business cycle is a simplification of the Austrian view, and thus Keynes' theory misunderstands the full relation between savings and consumption.

Unless you can perform phenomenal feats of mental visualization, it's also necessary to download the Microsoft PowerPointTM presentation "Sustainable and Unsustainable Growth; Keynes and Hayek: Head to Head" from here.

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Business cycle is type to booming in business. Understanding the Business Cycle can provide huge insight into your business performance.

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