V THE MONETARY THEORY OF THE BUSINESS CYCLE Mises regarded his explanation of the business cycle as one of his unique contributions to economic theory. He made more than one: the regression theorem as the theoretical solution to the origin of money, the socialist economic calculation dilemma, and the a priori epistemology for economics. His theory of the monetary origin of the business cycle, he believed in 1931, had been universally accepted. In a 1931 book, The Causes of the Economic Crisis: An Address, he went so far as to say: “However, a theory of cyclical fluctuations was finally developed … Continue reading We Don’t Have To Have Recessions