When the most recent downturn was a few month old, and it was not going to be followed by a quick rebound, interest in the theories of John Maynard Keynes and the role of stimulus started to rise.
But as the recovery has drawn out, and some would even say begin to falter; people are looking for other explanations. Among the names mentioned of late, Friederich Hayek is gaining popularity. And leading the wave is George Mason economist Dr. Peter Boettke.
There is a good introduction to Dr. Boettke and simplistic explanation of the Austrian School in yesterday's edition of The Wall Street Journal. (Subscriber content, but put the headline in your browser, I'm willing to bet you find something.)
You'll find it an interesting expose of an economist and ideas worth knowing more about. Please share your thoughts.