It Didn't Have to Be This Way

So says Harry Veryser about the financial meltdown and subsequent Great Recession. Veryser has written a new book explaining that Austrian economics and its policy implications are the key to understanding why this is so. Veryser's book sounds like just what the economic doctor ordered to provide a way out of our mess and to prevent similar messes in the future.

As Veryser says:

For years now, we have endured a barrage of bad news: businesses going belly-up, people losing their jobs and homes, government debt soaring. It didn’t have to be this way. The Austrian School presents the most coherent explication of the economic relations among men and—more so than any other system today—lays out economic guidelines that offer real prospects for prosperity worldwide. 

As indicated above, Veryser  draws upon Austrian Business Cycle Theory to explain the nature of the boom/bust economic cycle, which is also the theory that I discuss in Foundations of Economics. Additionally, I personally know Veryser to be a true gentleman and a scholar. He is presently an associated scholar of the Ludwig von Mises Institute and has served as director of the graduate program in economics at the University of Detroit Mercy and chairman of Walsh College’s Department of Economics and Finance.