Earlier this summer I decided to write a response to Bryan Caplan’s “Why I’m Not an Austrian Economist.” As others have undertaken to respond to similar arguments, or to Caplan’s propositions directly, I chose to focus only on (what I believe to be) the neglected arguments contained in the essay, particularly section 3, which is devoted to debunking some of the fundamental aspects of the Austrian theory of business cycles.

A week ago, I provided a cursory teaser, and seeing as the paper in its entirety, including my lecture notes from the 2006 Mises University seminar are due no later than sometime on Monday, September 11, I’ll be posting a link to download the paper (as if anyone is interested) in final form when it’s completed. It is title “Further Considerations of the Austrian Business Cycle Theory: A Response to Caplan.”

Today, I took dozens of pages of chicken-scratch notes, an outline, and several references, and during the course of the last 4 hours, hammered out a 22-page draft which will undergo revision into the wee hours of tonight/tomorrow morning.

For the time being, I’m going to watch the second half of the OSU/UT game. I don’t even know what the score is, although it’s been on in the background for the last 2 hours.