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