EconPapers    
Economics at your fingertips  
 

Financial Foundations of Austrian Business Cycle Theory

Nicolas Cachanosky () and Peter Lewin

A chapter in Studies in Austrian Macroeconomics, 2016, vol. 20, pp 15-44 from Emerald Publishing Ltd

Abstract: 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.

Keywords: Macaulay duration; modified duration; Austrian business cycles; average period of production; roundaboutness; economic value added; EVA®; B53; E23; E30 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
http://www.emeraldinsight.com/10.1108/S1529-213420 ... RePEc&WT.mc_id=RePEc (text/html)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eme:aaeczz:s1529-213420160000020002

Ordering information: This item can be ordered from
Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK
http://www.emeraldgr ... ies.htm?id=1529-2134

Access Statistics for this chapter

More chapters in Advances in Austrian Economics from Emerald Publishing Ltd
Bibliographic data for series maintained by Charlotte Maiorana ().

 
Page updated 2020-10-20
Handle: RePEc:eme:aaeczz:s1529-213420160000020002