8/12/2019 Activities Retry

1/3

International Business Cycles Seminar, 2014

Discussion of the following book:

Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked,and Government Bailouts Will Make Things Worse, by Thomas E. Woods, Regnery

Publishing, 2009

Seminar 1: Intro.

Seminar 2: Chapters 1, 2.

Seminar 3: Chapters 3, 4

Seminar 4: Chapters 5, 6

Seminar 5: Chapter 7

Seminar 6: Test

Optional readings for the passionate student:

If you read the below literature at the pace of one chapter per seminar, you cover the first

two categories just in time for the exam and get an additional chance to show your

(beginning of) mastery of the subject. The rest is almost certainly useful for future exams and,

most importantly, for a sound worldview.

Austr ian theory of the business cycle:

Huerta de Soto, Money, Bank Credit and Economic Cycles, chapters 4, 5, 6.

Critiques of the alternative and mainstream theor ies:

Huerta de Soto, Money, chapter 7Spiridon, Ciclul, capitolul 4:Analiza mainstream: ciclulprodus al pieei libere.

I l lustrations of business movements and related complications:

Bagus, Tragedy of the Euro.

Marinescu, coord., Capitalismul. Logica libertii, cap. IV, V.

8/12/2019 Activities Retry

2/3

Sources for further reading (different degrees of difficulty and relevance, ask for

advice):

Bagus, Philipp, The Tragedy of the Euro, Ludwig von Mises Institute, Auburn, Alabama,

2010.

Bernanke, Ben S, (2004). Friedmans's Monetary Framework: Some Lessons,Free ToChoose Conference Proceedings(pp. 207-214). Dallas: Dallas Fed.

Bernanke, Ben S, (1983). Nonmonetary Effects of the Financial Crisis in Propagation of theGreat Depression, American Economic Review, American Economic Association, vol.73(3), pp. 257-76, June.

Cole, Harold and Ohanian, Lee Edward, (2001), New Deal policies and the persistence ofthe Great Depression: a general equilibrium analysis, No 597, Working Papers, FederalReserve Bank of Minneapolis,http://www.econ.yale.edu/seminars/echist/eh02/ohanian-

021008.pdf;

Ebeling, Richard M., Hayek, Friderich von, Mises, Ludwig von, Rothbard, Murray N.,

Haberler, Gottfried, Garrison, Roger, The Austrian Theory of the Trade Cycle and other

Essays, Ludwig von Mises Institute, Auburn, Alabama, 1996 (available at

http://mises.org/Books/austtrad.pdf)

Friedman, Milton, Schwartz, Anna Jacobson. (2009). The Great Contraction 1929-1933.

Princeton and Oxford: Princeton University Press.

Huerta de Soto, Jsus (2006).Money, Bank Credit and Economic Cycles.Auburn, Alabama:

Ludwig von Mises Institute. (n romn lahttp://mises.ro/608/)

Keynes, John Maynard, The General theory of Employment, Interest and Money, New York,

Harcourt, 1964 (available at Central University Library,

http://cacheprod.bcub.ro/webopac/Vubis.csp)

Liebowitz, Stan J., Anatomy of a Train Wreck. Causes of the Mortgage Meltdown,

http://www.independent.org/pdf/policy_reports/2008-10-03-trainwreck.pdf

Marinescu, Cosmin (coord.), Capitalismul. Logica libertii, Humanitas, Bucureti, 2012.

Mises, Ludwig von (1998).Human Action (Scholar's Edition).Auburn, ALA: Ludwig von

Mises Institute. (Chapter XX, especially)

Mises, Ludwig von, The Theory of Money and Credit, New Heaven, Yale University Press,

1953 (available at

http://library.mises.org/books/Ludwig%20von%20Mises/The%20Theory%20of%20Money%

20and%20Credit.pdf)

Mises, Ludwig von,Ciclul economic i expansiunea creditelor: consecinele economice alebanilor ieftini,http://mises.ro/266/

Murphy, Robert. P. (2009). The Politically Incorrect Guide to the Great Depression and the

New Deal.Washington, DC: Regnery Publishing.

http://www.econ.yale.edu/seminars/echist/eh02/ohanian-021008.pdfhttp://www.econ.yale.edu/seminars/echist/eh02/ohanian-021008.pdfhttp://www.econ.yale.edu/seminars/echist/eh02/ohanian-021008.pdfhttp://www.econ.yale.edu/seminars/echist/eh02/ohanian-021008.pdfhttp://mises.org/Books/austtrad.pdfhttp://mises.org/Books/austtrad.pdfhttp://mises.ro/608/http://mises.ro/608/http://mises.ro/608/http://cacheprod.bcub.ro/webopac/Vubis.csphttp://cacheprod.bcub.ro/webopac/Vubis.csphttp://www.independent.org/pdf/policy_reports/2008-10-03-trainwreck.pdfhttp://www.independent.org/pdf/policy_reports/2008-10-03-trainwreck.pdfhttp://library.mises.org/books/Ludwig%20von%20Mises/The%20Theory%20of%20Money%20and%20Credit.pdfhttp://library.mises.org/books/Ludwig%20von%20Mises/The%20Theory%20of%20Money%20and%20Credit.pdfhttp://library.mises.org/books/Ludwig%20von%20Mises/The%20Theory%20of%20Money%20and%20Credit.pdfhttp://mises.ro/266/http://mises.ro/266/http://mises.ro/266/http://mises.ro/266/http://mises.ro/266/http://mises.ro/266/http://library.mises.org/books/Ludwig%20von%20Mises/The%20Theory%20of%20Money%20and%20Credit.pdfhttp://library.mises.org/books/Ludwig%20von%20Mises/The%20Theory%20of%20Money%20and%20Credit.pdfhttp://www.independent.org/pdf/policy_reports/2008-10-03-trainwreck.pdfhttp://cacheprod.bcub.ro/webopac/Vubis.csphttp://mises.ro/608/http://mises.org/Books/austtrad.pdfhttp://www.econ.yale.edu/seminars/echist/eh02/ohanian-021008.pdfhttp://www.econ.yale.edu/seminars/echist/eh02/ohanian-021008.pdf

8/12/2019 Activities Retry

3/3

Robbins, Lionel, The Great Depression, Books for Libraries Press, Freeport, New York, 1971

(available athttp://mises.org/books/depression-robbins.pdf)

Rothbard, Murray N., What has the Government Done to our Money, Ludwig von Mises

Institute, Auburn, Alabama, 2008 (available at

http://mises.org/books/whathasgovernmentdone.pdf)(n romn: http://mises.ro/233/)Rothbard, Murray. N. (2008). The Mystery of Banking.Auburn, Alabama: The Ludwig von

Mises Institute.

Rothbard, Murray. N. (2004).Man, Economy and State with Power and Market (Scholar's

Edition).Auburn, Alabama: Ludwig von Mises Institute.

Rothbard, Murray. N. (2000).America's Great Depression.Auburn, ALA: The Ludwig von

Mises Institute.

Rothbard, Murray. N. (1996). Economic Depressions: Their Cause and Cure. In The

Austrian Theory of the Trade Cycle and Other Essays. Auburn, Alabama: Ludwig von MisesInstitute, pp. 58-81. (available at

http://library.mises.org/books/Murray%20N%20Rothbard/Economic%20Depressions%20Th

eir%20Cause%20and%20Cure.pdf)

Spiridon, Marius (2005). Ciclul in teoria economica modern (The Cycle in Modern

Economic Theory - Doctoral Thesis).Bucharest: Romanian Academy, National Institute for

Economic Research. (http://mises.ro/468/)

Tanadi, Alexandru; Doltu, Claudiu,Monetarismul, Editura Economic, Bucureti, 1996.

Related videos (made from different, more or less correct, perspectives):

Inside Job,http://www.youtube.com/watch?v=5nCvO6qEbJw

Capitalism, A Love Story,http://www.youtube.com/watch?v=SyVsDLgUqJQ

Money, Banking, and The Federal Reserve System,

http://www.youtube.com/watch?v=iYZM58dulPE

Quants, the Alchemists of Wall Street,http://www.youtube.com/watch?v=ed2FWNWwE3I

Fraud, Why the Great Recession,http://www.youtube.com/watch?v=PTpKGiVwKHY

End of the Road,http://100thmonkeyfilms.com/endoftheroad/watch/

The Ascent of Money,http://www.youtube.com/watch?v=4Xx_5PuLIzc

Fiat Empire,www.youtube.com/watch?v=5K41O2QfpjA

The Crash of 1929 & The Great Depression,

https://www.youtube.com/watch?v=7C43aVEzJtU

Global Financial Meltdown,http://www.youtube.com/watch?v=l4XfNiqwQDo

Argentinas Economic Collapse,http://www.youtube.com/watch?v=0CzS6eHqtnQ

http://mises.org/books/depression-robbins.pdfhttp://mises.org/books/depression-robbins.pdfhttp://mises.org/books/depression-robbins.pdfhttp://mises.org/books/whathasgovernmentdone.pdfhttp://mises.org/books/whathasgovernmentdone.pdfhttp://library.mises.org/books/Murray%20N%20Rothbard/Economic%20Depressions%20Their%20Cause%20and%20Cure.pdfhttp://library.mises.org/books/Murray%20N%20Rothbard/Economic%20Depressions%20Their%20Cause%20and%20Cure.pdfhttp://library.mises.org/books/Murray%20N%20Rothbard/Economic%20Depressions%20Their%20Cause%20and%20Cure.pdfhttp://mises.ro/468/http://mises.ro/468/http://mises.ro/468/http://www.youtube.com/watch?v=5nCvO6qEbJwhttp://www.youtube.com/watch?v=5nCvO6qEbJwhttp://www.youtube.com/watch?v=5nCvO6qEbJwhttp://www.youtube.com/watch?v=SyVsDLgUqJQhttp://www.youtube.com/watch?v=SyVsDLgUqJQhttp://www.youtube.com/watch?v=SyVsDLgUqJQhttp://www.youtube.com/watch?v=iYZM58dulPEhttp://www.youtube.com/watch?v=iYZM58dulPEhttp://www.youtube.com/watch?v=ed2FWNWwE3Ihttp://www.youtube.com/watch?v=ed2FWNWwE3Ihttp://www.youtube.com/watch?v=ed2FWNWwE3Ihttp://www.youtube.com/watch?v=PTpKGiVwKHYhttp://www.youtube.com/watch?v=PTpKGiVwKHYhttp://www.youtube.com/watch?v=PTpKGiVwKHYhttp://100thmonkeyfilms.com/endoftheroad/watch/http://100thmonkeyfilms.com/endoftheroad/watch/http://100thmonkeyfilms.com/endoftheroad/watch/http://www.youtube.com/watch?v=4Xx_5PuLIzchttp://www.youtube.com/watch?v=4Xx_5PuLIzchttp://www.youtube.com/watch?v=4Xx_5PuLIzchttp://www.youtube.com/watch?v=5K41O2QfpjAhttp://www.youtube.com/watch?v=5K41O2QfpjAhttp://www.youtube.com/watch?v=5K41O2QfpjAhttps://www.youtube.com/watch?v=7C43aVEzJtUhttps://www.youtube.com/watch?v=7C43aVEzJtUhttp://www.youtube.com/watch?v=l4XfNiqwQDohttp://www.youtube.com/watch?v=l4XfNiqwQDohttp://www.youtube.com/watch?v=l4XfNiqwQDohttp://www.youtube.com/watch?v=0CzS6eHqtnQhttp://www.youtube.com/watch?v=0CzS6eHqtnQhttp://www.youtube.com/watch?v=0CzS6eHqtnQhttp://www.youtube.com/watch?v=0CzS6eHqtnQhttp://www.youtube.com/watch?v=l4XfNiqwQDohttps://www.youtube.com/watch?v=7C43aVEzJtUhttp://www.youtube.com/watch?v=5K41O2QfpjAhttp://www.youtube.com/watch?v=4Xx_5PuLIzchttp://100thmonkeyfilms.com/endoftheroad/watch/http://www.youtube.com/watch?v=PTpKGiVwKHYhttp://www.youtube.com/watch?v=ed2FWNWwE3Ihttp://www.youtube.com/watch?v=iYZM58dulPEhttp://www.youtube.com/watch?v=SyVsDLgUqJQhttp://www.youtube.com/watch?v=5nCvO6qEbJwhttp://mises.ro/468/http://library.mises.org/books/Murray%20N%20Rothbard/Economic%20Depressions%20Their%20Cause%20and%20Cure.pdfhttp://library.mises.org/books/Murray%20N%20Rothbard/Economic%20Depressions%20Their%20Cause%20and%20Cure.pdfhttp://mises.org/books/whathasgovernmentdone.pdfhttp://mises.org/books/depression-robbins.pdf