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Boudreaux on the business cycle

The latest episode of EconTalk is a conversation with my co-host here at the Cafe, Don Boudreaux, talking about the Austrian theory of the business cycle. We also discuss why the Austrian theory fell out of favor in the second half of the 20th century.

Coming tomorrow, the second episode of the The Theory of Moral Sentiments book club, my conversation with Dan Klein on Smith's classic. This second episode is a discussion of Part I of the book.