Re-switching, the average period of production and the Austrian business-cycle theory: A comment on Fratini

Authors :: Nicolas Cachanosky
Peter Lewin
Source :: The Review of Austrian Economics. 32:375-382
Publication Year :: 2019
Publisher :: Springer Science and Business Media LLC, 2019.
Abstract: In a recent contribution to this journal Saverio Fratini (Review of Austrian Economics, 2019) offers a critique of our work on Austrian Capital Theory on the grounds that our conception of capital and “roundaboutness” does not appear to provide adequate support for the Austrian business-cycle theory. In this comment we explain why we think this criticism is wrong.

Subjects :: 060106 history of social sciences
Roundaboutness
05 social sciences
06 humanities and the arts
Neoclassical economics
Austrian School
Capital (economics)
0502 economics and business
Economics
Criticism
Production (economics)
0601 history and archaeology
Austrian business cycle theory
050207 economics
General Economics, Econometrics and Finance
Period (music)
Public finance

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