Austrian Theory of Capital and Business Cycle - Pavel Potuzak

Austrian Theory of Capital and Business Cycle

A Modern Approach

(Autor)

Buch | Hardcover
XIII, 151 Seiten
2022 | 1st ed. 2022
Springer International Publishing (Verlag)
978-3-031-18727-8 (ISBN)
40,65 inkl. MwSt
This book explores Austrian capital theory and Austrian business theory from the perspective of modern economics. Sustainable change within the production structure is examined in relation to time preference, the Böhm-Bawerkian theory of capital and interest, and the Hayek Triangle. In turn, the impact of monetary shocks and boom-bust cycles is detailed, with a particular focus on the Ricardo Effect, dynamics of money supply, and the natural rate of interest.

This book aims to present a new framework for Austrian economics that will make these ideas applicable to both mainstream economic models and modern economists. It will be relevant to students and researchers interested in the history of economic thought and the political economy.

Pavel Potuzak is Assistant Professor at the Prague University of Economics and Business.

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 Model.- 7. The Austrian Business Cycle Theory.- 8. Exogenous Shock to the Money Supply and the Business Cycle.- 9. The Ricardo Effect.- 10. Dynamics of the Money Supply.- 11. Technological Shock and the Endogenous Response of the Money Supply.- 12. The Natural Rate of Interest and the Natural Output.- 13.Conclusions.

Erscheinungsdatum
Zusatzinfo XIII, 151 p. 60 illus.
Verlagsort Cham
Sprache englisch
Maße 148 x 210 mm
Gewicht 355 g
Themenwelt Geschichte Teilgebiete der Geschichte Wirtschaftsgeschichte
Wirtschaft Volkswirtschaftslehre Wirtschaftspolitik
Schlagworte austrian business cycle theory • Austrian Theory of Capital • Böhm-Bawerkian Theory • Dynamics of the Money Supply • Exogenous Shock to the Money Supply • Natural rate of interest • Neoclassical Growth Model • Possibility of Eternal Growth • structure of production • The Hayek Triangle • The Ricardo Effect
ISBN-10 3-031-18727-X / 303118727X
ISBN-13 978-3-031-18727-8 / 9783031187278
Zustand Neuware
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