Pavel Potuzak
Springer International Publishing
e druk, 2022
9783031187278
Austrian Theory of Capital and Business Cycle
A Modern Approach
Specificaties
Gebonden, blz.
|
Engels
Springer International Publishing |
e druk, 2022
ISBN13: 9783031187278
Rubricering
Levertijd ongeveer 8 werkdagen
Samenvatting
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.
Specificaties
ISBN13:9783031187278
Taal:Engels
Bindwijze:gebonden
Uitgever:Springer International Publishing
Inhoudsopgave
1. Introduction.- 2. The Austrian Theory of Capital.- 3. The Böhm-Bawerkian Theory of Capital and Interest.- 4. The Hayek Triangle.- 5. Impact of the Decrease in Time Preference on the Structure of Production.- 6. Possibility of Eternal Growth and Comparison with the Neoclassical Growth Model.- 7. The Austrian Business Cycle Theory.- 8. Exogenous Shock to the Money Supply and the Business Cycle.- 9. The Ricardo Effect.- 10. Dynamics of the Money Supply.- 11. Technological Shock and the Endogenous Response of the Money Supply.- 12. The Natural Rate of Interest and the Natural Output.- 13.Conclusions.<p></p>