The Role of Capital Structure in Austrian Business Cycle Theory

被引:0
|
作者
Cachanosky, Nicolas [1 ]
Lewin, Peter [2 ]
机构
[1] Metropolitan State Univ Denver, Denver, CO 80204 USA
[2] Univ Texas Dallas, Richardson, TX 75083 USA
来源
JOURNAL OF PRIVATE ENTERPRISE | 2018年 / 33卷 / 02期
关键词
Austrian business cycle theory; ABCT; Cantillon effect; rational behavior; Roger Garrison;
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
We argue that the application of financial analysis, especially that of duration, clarifies and supports the application of the average period of production in Austrian business cycle theory. We also suggest that the focus in the recent ABCT literature should be more on the average period of production and less on the stages of production as depicted in Hayek's triangle in Roger Garrison's model.
引用
收藏
页码:21 / 32
页数:12
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