The Austrian Theory of Business Cycles : Old Lessons for Modern Economic Policy?

Old Lessons for Modern Economic Policy?

The Austrian Theory of Business Cycles : Old Lessons for Modern Economic Policy?
This paper reviews the "Austrian" theory of the business cycle first proposed by Friedrich Hayek in the 1920s. His theory claimed that credit creation by monetary authorities would push investment beyond society's long-term willingness to save, creating a mismatch between supply and demand that would inevitably cause recession. The theory... READ MORE...

Publication date: January 2002
ISBN 9781451841770
$15.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

Paperback

Publication date: January 2002

PDF

Publication date: January 2002

ePub

Publication date: January 2002

Mobi

Publication date: January 2002

English