Business cycles involve periodic fluctuations of economic activity, such as production and employment. The typical cycle involves a rise in activity that reaches a high point, or peak, followed by a ...

Austrian economics provides valuable insights for business planning, but not so much in business cycle analysis. It’s not that key insights from the Austrian school of economics are wrong, but that ...

Economic contractions, troughs, expansions and peaks are unpredictable phases of economic activity referred to as economic business cycles. The gross domestic product, or GDP, is the total market ...