Tyler Cowen on Austrian Business Cycle Theory : A Critique

Cowen (1997) criticizes Austrian Business Cycle Theory (ABCT) on eight grounds: 1. systematic errors; 2. inflation volatility; 3. confusion of inflation and savings; 4. confusion of inflation and investment; 5. real vs. nominal rates of interest; 6. interest rate information; 7. investor interpretation of interest rates; 8. validation of inflationary investments. The present paper rejects all of these claims, and defends ABCT against them

MoreLess

Year of publication:	2011
Authors:	Block, Walter E. ; Barnett, William
Publisher:	[S.l.] : SSRN
Subject:	Österreichische Schule \| Austrian economics \| Konjunkturtheorie \| Business cycle theory

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (60 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: New Perspectives on Political Economy, Vol. 2, No. 2, pp. 26-85, 2006 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 6, 2011 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014180372