Mises Daily
Author:
William H. Peterson
Online Publish Date:
[ On Freedom and Free Enterprise: Essays in Honor of Ludwig von Mises (1956)] Economists, like women, are not immune to the dictates of fashion. One such dictate in vogue among post-Keynesians is the accelerator, which enjoyed similar popularity in the early 1920s. At least a partial reason for the renewed popularity of the accelerator is that