TY  - CHAP
AB  - Abstract In this paper, we study financial foundations of Austrian business cycle theory (ABCT). By doing this, we (1) clarify ambiguous and controversial concepts like roundaboutness and average period of production, (2) we show that the ABCT has strong financial foundations (consistent with its microeconomic foundations), and (3) we offer examples of how to use the flexibility of this approach to apply ABCT to different contexts and scenarios.
VL  - 20
SN  - 978-1-78635-274-3, 978-1-78635-273-6/1529-2134
DO  - 10.1108/S1529-213420160000020002
UR  - https://doi.org/10.1108/S1529-213420160000020002
AU  - Cachanosky Nicolás
AU  - Lewin Peter
PY  - 2016
Y1  - 2016/01/01
TI  - Financial Foundations of Austrian Business Cycle Theory
T2  - Studies in Austrian Macroeconomics
T3  - Advances in Austrian Economics
PB  - Emerald Group Publishing Limited
SP  - 15
EP  - 44
Y2  - 2024/04/25
ER  -