Visualizing The Boom-Bust Cycle with Roger Garrison

From The Human Action Podcast by Mises Institute

March 21, 2026 · Episode 542

About this episode

Bob discusses Roger Garrison's macroeconomic diagrams and their relation to the Mises-Hayek theory of the boom-bust cycle.

In memory of Roger Garrison, Bob walks through Garrison's famous capital-based macroeconomics diagrams, showing how they translate the Mises-Hayek theory of the boom-bust cycle into the language of modern macroeconomics. Related: Roger Garrison, The Austrian Theory of the Business Cycle: Mises.org/HAP542a Roger Garrison, Austrian Macroeconomics: A Diagrammatical Exposition: Mises.org/HAP542b The Diagrams Referenced in the Podcast: Mises.org/HAP542c Dr. Garrison's PowerPoints: Mises.org/HAP542d The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

People in this episode

Host: Bob

Topics covered

boom-bust cycle
macroeconomics
Austrian economics
capital-based macroeconomics
Mises-Hayek theory

Keywords

Roger Garrison
boom-bust cycle
macroeconomics
Austrian economics
Mises Institute

Mentioned in this episode

Organizations: Mises Institute

Books & works: The Austrian Theory of the Business Cycle, Austrian Macroeconomics: A Diagrammatical Exposition, Hayek for the 21st Century

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