So the boom turns to bust. What now? In this EconStories mini-documentary, economist and Hayek scholar, Lawrence H. White, offers his view on a Hayekian response to the bust phase of the Boom and Bust cycle and responds to the charge that F. A. Hayek was a “liquidationist.”
Lawrence H. White is a professor of economics at George Mason University. Prior to his position at George Mason, he was the F. A. Hayek Professor of Economic History in the Department of Economics, University of Missouri-St. Louis. He has been a visiting professor at the Queen’s School of Management and Economics, Queen’s University of Belfast, and a visiting scholar at the Federal Reserve Bank of Atlanta.