Titlebook: Austrian Theory of Capital and Business Cycle; A Modern Approach Pavel Potuzak Book 2022 The Author(s), under exclusive license to Springer

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书目名称Austrian Theory of Capital and Business Cycle影响因子(影响力)




书目名称Austrian Theory of Capital and Business Cycle影响因子(影响力)学科排名




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书目名称Austrian Theory of Capital and Business Cycle网络公开度学科排名




书目名称Austrian Theory of Capital and Business Cycle被引频次




书目名称Austrian Theory of Capital and Business Cycle被引频次学科排名




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书目名称Austrian Theory of Capital and Business Cycle年度引用学科排名




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书目名称Austrian Theory of Capital and Business Cycle读者反馈学科排名

神经

The Austrian Theory of Capital: A Basic Modelred a homogeneous mass. Austrian capital theory was designed to explain allocation of material resources that can change not only in the neoclassical long run, but also in the short run. The basic concept of capital in neoclassical theory, fixed capital, is not central to Austrian theory, because it

悬挂

The Hayek Triangleits heart is a discussion with Frank Knight and his idea that capital represents a homogenous mass that is automatically maintained. The model shows that capital has its own structure that cannot be ignored, and that the maintenance of capital is not automatic. This chapter also introduces the natur

构成

BILL

Austrian Business Cycle Theory: A Basic Modele resulting dynamics of the economy resemble the paths set up by a fall in time preference. However, the model shows that some processes cannot be completed and will be abandoned. The model explores forced saving at the peak of the economic boom and the partial destruction of capital in the downturn

cancellous-bone

The Dynamics of the Interest Rate in Austrian Business Cycle Theorysion mechanism that leads to a deviation of the market interest rate from its natural level and subsequent U-shaped behaviour of the market interest rate. Specific approaches by Hayek, Mises, and Rothbard are discussed in detail. This chapter corrects misunderstandings and inconsistencies pointed ou

flammable

Ischemic-Stroke

The Natural Output and the Natural Rate of Interest The consequences of monetary expansion are analysed in an economy with unemployed resources. This chapter also shows that a business cycle can negatively affect potential output in the long run, due to misallocation of capital and its subsequent partial destruction. In addition, this chapter discus

水土

Conclusionble or unsustainable. Sustainable allocation is associated with real economic growth that can be driven by lower time preference in the society, or by technological progress. Unsustainable allocation is caused by monetary forces coming either from the central bank and commercial banks on the supply

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