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Painting: depositors crowd the doors of the Creditanstalt as the bank fails, Vienna, May 1931

Lecture series · recorded 2008

The Austrian Theory of the Trade Cycle

The Austrian Theory of the Trade Cycle is a free lecture series (6 recordings, 2.8 hours) you can stream or download at freecapitalists.org, with 5 speakers.

Booms and busts are not endemic to the free market, argues the Austrian theory of the business cycle. Here, giants of the Austrian School explain and defend the theory against alternatives. Narrated by Gennady Stolyarov II.

Booms and Busts

Read the book: The 'Austrian' Theory of the Trade Cycle by Ludwig von Mises, free to download here.

Cover painting: depositors crowd the doors of the Creditanstalt as the bank fails, Vienna, May 1931. See every painting in the art gallery.

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Recorded lectures

Lectures

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  1. 01

    The Austrian Theory in Perspective 2008

    Roger W. Garrison · 27:32 · 6.3 MB · Recorded 15 July 2008

    This audio essay, narrated by Gennady Stolyarov II, is the Introduction to The Austrian Theory of the Trade Cycle and Other Essays (pp. 7-24) edited by Richard M. Ebeling.

    Austrian Economics Overview

    Read the transcript 3,585 words

    Download MP3
  2. 02

    The "Austrian" Theory of the Trade Cycle 2008

    Ludwig von Mises · 15:29 · 3.6 MB · Recorded 15 July 2008

    The monetary explanation of the trade cycle is not entirely new. "The 'Austrian' Theory of the Trade Cycle," by Ludwig von Mises, is narrated by Gennady Stolyarov II.

    Austrian Economics OverviewBusiness Cycles

    Read the transcript 2,453 words

    Read the book chapter 2,722 words

    Download MP3
  3. 03

    Money and the Business Cycle 2008

    Gottfried Haberler · 40:08 · 9.2 MB · Recorded 15 July 2008

    This audio essay, read by Gennady Stolyarov II, is found in The Austrian Theory of the Trade Cycle and Other Essays (pp. 37-64) edited by Richard M. Ebeling.

    Austrian Economics OverviewBusiness CyclesMoney and Banking

    Read the transcript 6,375 words

    Read the book chapter 6,523 words

    Download MP3
  4. 04

    Economic Depressions: Their Cause and Cure 2008

    Murray N. Rothbard · 43:47 · 10.0 MB · Recorded 17 July 2008

    Murray Rothbard was the master of reducing complicated theories to their very essence while retaining theoretical rigor, and this essay on Austrian business cycle theory is a case in point. Its continued relevance speaks to an aspect of the Austrian theory that other theories can't boast. It is a real theory that applies across time and place, and its persuasive power is not contingent on the particulars of any individual boom bust cycle. This audio essay, read by Gennady Stolyarov II, is found in The Austrian Theory of the Trade Cycle and Other Essays (pp. 65-91) edited by Richard M. Ebeling.

    Austrian Economics OverviewBusiness CyclesInterventionism

    Read the transcript 6,366 words

    Read the book chapter 6,363 words

    Download MP3
  5. 05

    Can We Still Avoid Inflation? 2008

    Friedrich A. Hayek · 28:53 · 6.6 MB · Recorded 18 July 2008

    This audio essay, narrated by Gennady Stolyarov II, is found in The Austrian Theory of the Trade Cycle and Other Essays (pp. 93-110) edited by Richard M. Ebeling.

    Austrian Economics OverviewInterventionismMonetary Theory

    Read the transcript 4,434 words

    Read the book chapter 4,710 words

    Download MP3
  6. 06

    The Austrian Theory: A Summary 2008

    Roger W. Garrison · 14:04 · 3.2 MB · Recorded 18 July 2008

    This audio essay, narrated by Gennady Stolyarov II, is found in The Austrian Theory of the Trade Cycle and Other Essays (pp. 111-120) edited by Richard M. Ebeling.

    Austrian Economics OverviewBusiness Cycles

    Read the transcript 2,018 words

    Read the book chapter 2,196 words

    Download MP3

Recording dates, summaries and topics for 6 of these 6 lectures come from the Mises Institute's page for The Austrian Theory of the Trade Cycle, checked 2026-08-04.

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About this series

Is The Austrian Theory of the Trade Cycle free to listen to?
Yes. All 6 mirrored recordings stream in the browser or download as audio, at no cost and with no signup.
How long is The Austrian Theory of the Trade Cycle?
6 recordings, 2.8 hours in total.
When was The Austrian Theory of the Trade Cycle recorded?
2008, per the recording dates recovered for this series.
Is the book behind The Austrian Theory of the Trade Cycle available here?
Yes. The 'Austrian' Theory of the Trade Cycle by Ludwig von Mises is in this archive as a free download, on its own page.
Is there a transcript of The Austrian Theory of the Trade Cycle?
Yes. Every lecture in the series has one, 25,231 words in total, free to read on each lecture's page and searchable in the browser.

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