McClure, Thomas, and Horowitz Continue to Wow – Application of Sequestered Capital Theory to 1929 Crash

In one of my prior posts, “Austrian Alert” I highlight an application of sequestered capital theory written by the authors as a way to fill in the gaps of Hayek’s struggle with Austrian Business Cycle Theory. Here, we have a paper by McClure, Thomas, and Horowitz further applying their theory to better make sense of the 1929 crash with empirical evidence supporting.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3224781

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: