Hayek's Early Cycle Theory Re-examined

Allin Cottrell ()

Papers deposited by Authors from Post-Keynesian Archive

Abstract: The paper deals with Hayek's ideas concerning transition between different 'structures of production' and argues that while these ideas are of interest, they are fundamentally flawed. The relationships between Hayek's cycle theory and (a) Keynes and (b) Robert Lucas are also examined.

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Published in the Cambridge Journal of Economic.

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