Austrian Theory of Capital and Business Cycle
A Modern Approach
Buch in deiner Nähe kaufen
Beschreibung
This book explores Austrian capital theory and Austrian business theory from the perspective of modern economics. Sustainable change within the production structure is examined in relation to time preference, the Böhm-Bawerkian theory of capital and interest, and the Hayek Triangle. In turn, the impact of monetary shocks and boom-bust cycles is detailed, with a particular focus on the Ricardo Effect, dynamics of money supply, and the natural rate of interest.
This book aims to present a new framework for Austrian economics that will make these ideas applicable to both mainstream economic models and modern economists. It will be relevant to students and researchers interested in the history of economic thought and the political economy.
This book explores Austrian capital theory and Austrian business theory from the perspective of modern economics. Sustainable change within the production structure is examined in relation to time preference, the Böhm-Bawerkian theory of capital and interest, and the Hayek Triangle. In turn, the impact of monetary shocks and boom-bust cycles is detailed, with a particular focus on the Ricardo Effect, dynamics of money supply, and the natural rate of interest.
This book aims to present a new framework for Austrian economics that will make these ideas applicable to both mainstream economic models and modern economists. It will be relevant to students and researchers interested in the history of economic thought and the political economy.
Presents recommendations for monetary policy based on the Austrian business cycle theory Expands the Austrian approach to economics to make it more applicable to modern economics Clarifies inconsistencies within Austrian economics through the use of a new graphical apparatus
Autor*in
Pavel Potuzak
Themen in »Austrian Theory of Capital and Business Cycle«
Austrian Theory of Capital Böhm-Bawerkian Theory The Hayek Triangle Structure of Production Possibility of Eternal Growth Neoclassical Growth Model Austrian Business Cycle Theory Exogenous Shock to the Money Supply The Ricardo Effect Dynamics of the Money Supply Natural Rate of Interest