Austrian business cycle theory returns to Harvard

Way back when, before 1936, Alvin Hansen carried the torch.  These days, don't listen to what they say, watch what they do:

Harvard announced Thursday that it would indefinitely suspend construction on a high-tech science complex in the Allston neighborhood of Boston because of money problems.

This was to have been the showcase of the previous regime.  A lot of the work has been done, but it doesn't look like they'll ever complete the project in anything resembling finished form.  The scientists will never move there.  The associated spaces for retail outlets won't be much populated.  Etc.  The full story is here.


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