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Books > History > History of specific subjects > Economic history
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Austrian Theory of Capital and Business Cycle - A Modern Approach (Hardcover, 1st ed. 2022)
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Austrian Theory of Capital and Business Cycle - A Modern Approach (Hardcover, 1st ed. 2022)
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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 Boehm-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.
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