The Human Action Podcast

E542 - Visualizing The Boom-Bust Cycle with Roger Garrison

Published: March 21, 2026

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/HAP542aRoger Garrison, Austrian Macroeconomics: A Diagrammatical Exposition: Mises.org/HAP542bThe Diagrams Referenced in the Podcast: Mises.org/HAP542cDr. 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