Austrian economics, classical political economy and influences from the German historical school form Lederer's background. His contributions to business cycle theory reflect this diverse heritage. This paper traces the development of Lederer's business cycle explanation from his 1925...

1. Introduction -- 2. The Austrian Theory of Capital -- 3. The Böhm-Bawerkian Theory of Capital and Interest -- 4. The Hayek Triangle -- 5. Impact of the Decrease in Time Preference on the Structure of Production -- 6. Possibility of Eternal Growth and Comparison with the Neoclassical Growth...