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Persistent link: https://www.econbiz.de/10008520202
Hayek's business cycle theory in the 1930s was pioneering both in developing the general equilibrium framework and in … integrating capital with monetary theory. From published and unpublished work and correspondence a more complete picture of the … evolution of Hayek's thought emerges. This article traces how Hayek's effort to produce a consistent business cycle theory led …
Persistent link: https://www.econbiz.de/10010545680
Seit 1971 ist dem ifo Institut die Geschäftsstelle des Centre for International Research on Economic Tendency Surveys angegliedert. Alle zwei Jahre treffen sich CIRET-Mitglieder und andere Experten zur Diskussion neuer Forschungsergebnisse. Die umfangreiche Tagesordnung der 22. CIRET-Konferenz,...
Persistent link: https://www.econbiz.de/10005055645
In diesem Beitrag werden die Grundzüge der Überinvestitionstheorien von Hyman Minsky auf der einen und die von v. Hayek/Garrison auf der anderen Seite zunächst in den 'Sprachen' der Originalbeiträge herausgearbeitet. Anschließend wird ihr möglicher Erklärungsbeitrag für die aktuelle...
Persistent link: https://www.econbiz.de/10008462130
Cost-benefit analysis (CBA), as a distinctive tool for public investment projects evaluation laying in the portfolio of the governmental authorities, strives to replicate the market in establishing economic standards for the measurement of their success, while the government’s actions are in...
Persistent link: https://www.econbiz.de/10010965620
The re-appraisal after 25 years of The Economics of Time and Ignorance by G.P. O’Driscoll and M.J. Rizzo seeks to accomplish three things: (1) to situate the beginnings of the book against the background of the “doom and gloom” scenario of economics in the late 1970s; (2) to gauge...
Persistent link: https://www.econbiz.de/10010987913
At first sight and in terms of explicit references, the relationship between Hayek and the early Freiburg School seems to have been one of mutually benign neglect. It took several decades before the “Hayekian challenge” was fully understood in Freiburg; in a way one could even argue that the...
Persistent link: https://www.econbiz.de/10010987915
This article serves as the introduction to a symposium on O’Driscoll and Rizzo’s The Economics of Time and Ignorance. The book was first published in 1985. The symposium aims to provide a retrospective assessment of the book’s contribution to modern Austrian economics. The article...
Persistent link: https://www.econbiz.de/10010987924
Bagus and Howden (Review of Austrian Economics 24(4): 383–402, <CitationRef CitationID="CR2">2011</CitationRef>) argue that price stickiness is a poor justification for advocating a flexible money supply through the issuing of fiduciary media under central or free banking. They view the contraction in output following an exogenous...</citationref>
Persistent link: https://www.econbiz.de/10010987932