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Recent Business Cycles and the US Housing Market

My presentation attempts to explain recent boom-bust cycles in the US from the perspective of the Austrian School of Economics. Austrian Business Cycle theory (ABCT), though long considered to be on the fringe of economic thought, has recently experienced a surge in popularity. I walk through a series of business cycles in America including the “dot-com” bubble of the 1990s, the housing market bubble in the 2000s, and the current financial crisis, all with ABCT in mind.

Click to view my presentation.

Will Geary


  1. Really interesting ideas. I had completely forgotten about the dotcom bubble and just how badly it impacted the market. Comparing it to the housing bubble was a good idea since it so closely parallels the business cycle.
    Although, I could not quite discern the difference between the Austrian Business Cycle theory and the standard Real Business Cycle theory.

  2. Feel like you might have too many slides for a 15 minute presentation. It would possibly be easier to cut them down into talking points and expand on them orally, as opposed to clicking to a new slide every 30 seconds or so. For example, you could probably cut out most of slides 5 – 9, and then cover all of that in your flow chart in slide 10.

    Regarding your content, I thought the connection you established between the dot-com & housing bubbles was very thought provoking. One question that I do have, is what are your thoughts on the ABC Theory as a sustainable model? Is this a cycle that is feasible in the long run for the US (and world) economy? In general, I really enjoyed the presentation, and look forward to hearing it tomorrow.

  3. I enjoyed your presentation, Will. Somewhat like Mitchell, I am wondering why you chose Austrian Business Cycle Theory as opposed to standard Real Business Cycle theory (not that it is a bad thing).

    Also, what type of policies would you implement if you were head of the Fed?

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