Austrian-school business cycle theory is incomplete, as it leaves out
the land factor, and does not specifically identify real estate as the
key capital good affected by the financial side.  Georgist cycle
theory complements it and provides a synthesis that fits economic
history.

My Georgist-Austrian business cycle synthesis was published in
"The Business Cycle: A Georgist-Austrian Synthesis." American Journal
of   and Sociology 56 (4)  (October 1997): 521-41.  I applied this
theory to economic history, and from that projected the next crash at
2008.

I updated for the recent downturn this in a 2007 booklet
http://www.foldvary.net/works/dep08.pdf

Fred Foldvary
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