Austrian Theory of Capital and Business Cycle A Modern Approach

This book explores Austrian capital theory and Austrian business theory from the perspective of modern economics. Sustainable change within the production structure is examined in relation to time preference, the Böhm-Bawerkian theory of capital and interest, and the Hayek Triangle. In turn, the imp...

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Bibliographic Details
Main Author: Potuzak, Pavel
Format: eBook
Published: Cham Palgrave Macmillan 2022, 2022
Edition:1st ed. 2022
Online Access:
Collection: Springer eBooks 2005- - Collection details see MPG.ReNa
Table of Contents:
  • 1. Introduction
  • 2. The Austrian Theory of Capital
  • 3. The Böhm-Bawerkian Theory of Capital and Interest
  • 4. The Hayek Triangle
  • 5. Impact of the Decrease in Time Preference on the Structure of Production
  • 6. Possibility of Eternal Growth and Comparison with the Neoclassical Growth Model
  • 7. The Austrian Business Cycle Theory
  • 8. Exogenous Shock to the Money Supply and the Business Cycle
  • 9. The Ricardo Effect
  • 10. Dynamics of the Money Supply
  • 11. Technological Shock and the Endogenous Response of the Money Supply
  • 12. The Natural Rate of Interest and the Natural Output
  • 13.Conclusions