Austrian Theory of Capital and Busi - E-book

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Austrian Theory Of Capital And Business Cycle - ENG

A Modern Approach

Pavel Potuzak

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$900.00

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Sinopsis

ISBN:	9783031187285
Formato:	ePub
Idioma:	Inglés
Editorial:	Springer Nature
Tema:	Ciencias políticas
Subtema:	Economia Política
Año de publicación:	2022-12-12

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 BÃ¶hm-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.

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