Business Cycles Explained
Big crises raise big questions. And in the wake of the financial crisis of 2008, economists are asking billion-dollar macroeconomic questions: What causes market fluctuations? What causes business cycles? In this series of videos, Professor Tyler Cowen vets contenders for the title of “top macroeconomic theory” – Keynesian, Austrian, and Monetarist, and Real Business Cycle theory – and lets you decide for yourself which theory best explains historical economic phenomena. Tune in to discover the strengths and weaknesses of these four theories—and pick yourself a winner.