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Books Review

Vol. 14 (2026): Continuous Publication

Austrian Theory of the Business Cycle: An analysis regarding the interpretation of leading market signals

DOI
https://doi.org/10.30800/mises.2026.v14.1641
Submitted
January 20, 2026
Published
2026-02-02

Abstract

The book Navigating the Boom/Bust Cycle: An Entrepreneur’s Survival Guide, by Murray Sabrin, published in 2021 by Business Expert Press, analyzes economic cycles of expansion and recession through the lens of monetary policy and its effects on business activity. The work gathers economic indicators and historical analyses of cycles in the United States, attributing boom and bust movements primarily to state intervention, artificial credit expansion, and the manipulation of interest rates by central banks. The author proposes tools for identifying signs of economic cycle reversals, drawing lessons from past episodes and discussing practical strategies for entrepreneurs and investors to navigate periods of instability with greater resilience. Furthermore, the book examines cycles on an international scale and their implications for both multinational corporations and local businesses, contributing to a more refined understanding of economic trends and their impact on corporate decision-making.

References

  1. Friedman, M., & Schwartz, A. J. (1963). A monetary history of the United States, 1867–1960. Princeton University Press.
  2. Gambogi, J. (2018). Mercado de ações em quatro dimensões: Uma abordagem behaviorista. Finanças para Nerds.
  3. Hazlitt, H. (1959). The failure of the new economics: An analysis of the Keynesian fallacies. D. Van Nostrand Company.
  4. Mises, L. von. (1953). The theory of money and credit. Yale University Press. (Original work published 1912).
  5. Tamplin, True. (2023). Know Sure Thing (KST) indicator explained. https://www.financestrategists.com/wealth-management/fundamental-vs-technical-analysis/know-sure-thing-kst/
  6. Thornton, M. (2018). The skyscraper curse: And how Austrian economists predicted every major economic crisis of the last century. Ludwig von Mises Institute.

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