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(Ebook) Austrian Theory of Capital and Business Cycle : A Modern Approach by Pavel Potuzak ISBN 9783031187285, 9783031187278, 3031187288, 303118727X

  • SKU: EBN-56133106
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Authors:Pavel Potuzak
Pages:151 pages.
Year:2022
Editon:3
Publisher:Springer Nature
Language:english
File Size:4.96 MB
Format:epub
ISBNS:9783031187285, 9783031187278, 3031187288, 303118727X
Categories: Ebooks

Product desciption

(Ebook) Austrian Theory of Capital and Business Cycle : A Modern Approach by Pavel Potuzak ISBN 9783031187285, 9783031187278, 3031187288, 303118727X

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.
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