Showing 1 - 10 of 231
The Austrian economists Ludwig von Mises and Friedrich A. Hayek developed a unique theory of the business cycle. In … production is repaired. Hence, the Austrian account of macroeconomic fluctuation stresses the misallocation and reallocation of … article, Lester and Wolff (Review of Austrian Economics 26(4):433–461, <CitationRef CitationID="CR18">2013</CitationRef …
Persistent link: https://www.econbiz.de/10010989100
To what extent can monetary and financial crises and cycles be explained through economic theories? This paper is aimed at highlighting why a reliance on economic theories may be necessary given certain flaws which have been revealed from the recent Financial Crisis. Namely, that economic and...
Persistent link: https://www.econbiz.de/10011258809
To what extent can monetary and financial crises and cycles be explained through economic theories? This paper is aimed at highlighting why a reliance on economic theories may be necessary given certain flaws which have been revealed from the recent Financial Crisis. Namely, that economic and...
Persistent link: https://www.econbiz.de/10011259862
data over the period 1989 to 1992 of male blue-collar workers employed in the Austrian manufacturing sector, we decompose …
Persistent link: https://www.econbiz.de/10010538235
Following standard Austrian School theory, in this paper I identify merger waves as parts of Austrian type business …
Persistent link: https://www.econbiz.de/10010762848
Persistent link: https://www.econbiz.de/10005705542
Persistent link: https://www.econbiz.de/10005810798
The business cycles theories of Wicksell (1898), Schumpeter (1912), Mises (1912), Hayek (1929, 1935) and Minsky (1986, 1992) explain business cycles by distorted prices on capital markets, buoyant credit expansion and overinvestment. The exuberance during the boom endogenously causes the...
Persistent link: https://www.econbiz.de/10008549598
Persistent link: https://www.econbiz.de/10010582688
Persistent link: https://www.econbiz.de/10010583025