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Mark Thornton explores the relationship he draws between record-breaking skyscrapers, credit expansion and economic downturns. The opening chapters explain the Skyscraper Index, examine its history and connect building projects with Austrian accounts of interest rates, production and investment.
The collection expands into monetary policy, Cantillon effects, capital theory and debates about the Austrian business cycle theory. Thornton uses historical episodes and contemporary examples to develop his argument about booms and busts. This complete 2018 book includes Thomas E. Woods Jr.'s foreword, twenty-five chapters, bibliography and index; it is distinct from the shorter earlier journal article on the same subject.