Hayek's Business Cycle Theory during the 1930s: A Critical Account of Its Development

F. A. Hayek vs. J. M. Keynes in Shackle's marginal gloss

“…This memory may be emanating from this reading on March 1935 of (Knight 1935) which he appears not to have found impressive. 20 I have argued elsewhere (Repapis 2011) that Hayek's thoughts on the Austrian business cycle were evolving through the 1930s. In fact, if we are looking for a picture to capture this complex process of Hayek's efforts towards articulation of his thought and its dissemination to his disciples, we need not look further than Appendix A.…”