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Business cycle
9
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3
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3
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Search complete. 9 mentions across 3 episodes found for "Business cycle".
Sep 19, 2026
Thomas777GUEST
Basically...
Thomas777GUEST
In his book, Business Cycles, like, Capitalism, Socialism, and Democracy is kind of his most accessible book, and that was his book that sold the best.
Thomas777GUEST
His most important book was Business Cycles, which, among other things, is, like, a huge repudiation to Keynes, but it's very, very dense.
Thomas777GUEST
It's two volumes.
Thomas777GUEST
It's very difficult, but it's, in my opinion, it's a seminal statement on political economy.
Thomas777GUEST
It, like, lasts, like, 500 years, probably, okay? But his whole point was, look, You can't, something else that's wrong with Keynes, that entire paradigm, you can't look at a 30-year increment of macroeconomic activity and scale the actors therein.
Thomas777GUEST
You've got to look at this over, at minimum, probably 250 years, honestly, probably more like 300 years, if you want to get a conceptual picture of economic development at scale.
Thomas777GUEST
and what business cycles truly represent, you've got to look at politics the same way.
ThomasGUEST
But, um, basically...
ThomasGUEST
In his book, Business Cycles, like, Capitalism, Socialism, and Democracy is kind of his most accessible book, and that was his book that sold the best.
ThomasGUEST
His most important book was Business Cycles, which, among other things, is, like, a huge repudiation to Keynes, but it's very, very dense.
ThomasGUEST
It's two volumes.
ThomasGUEST
It's very difficult, but it's, in my opinion, it's a seminal statement on political economy.
ThomasGUEST
Okay? But his whole point was, look, you can't...
ThomasGUEST
Something else that's wrong with Keynes, that entire paradigm, you can't look at a 30-year increment of macroeconomic activity and scaled actors therein.
ThomasGUEST
You've got to look at this over, at minimum, probably 250 years, honestly, probably more like 300 years, if you want to get a conceptual picture of economic development at scale and what business cycles truly represent.
Edward DowdGUEST
They've got demographic problems.
Edward DowdGUEST
It's been written by my partner, Carlos Allegri, in his book, Economic Cycles, Debt and Demographics, that it's not a question of if, but when the European Union and the Euro disintegrates due to demographic disparities.
Edward DowdGUEST
The North has a better demographic profile than the South, and the South is being supported by the North.
Edward DowdGUEST
And eventually that gets torn apart.