HAYEK’S PROFITS, INTEREST AND INVESTMENT: EXPLAINING THE IMPORTANCE OF CAPITAL HETEROGENEITY

Fabio Barbieri ()
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Fabio Barbieri: Universidade Presbiteriana Mackenzie (UPM)

Revista de Economia Mackenzie (REM), 2006, vol. 4, issue 4, 35-52

Abstract: The purpose of this article is to analyze the development of the Austrianbusiness cycle theory found in Hayek’s Profits, Interest and Investment. We arguethat the differences between the criticism raised by Kaldor and the praise madeby Lachmann can be traced to the unorthodox core assumptions of the Austrianresearch program that prevented further dialogue.

Keywords: Hayek; Austrian economics; Bussines cycle theory. (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:aft:journl:v:4:4:2006:jan:dec:p:35-52

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