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  • 标题:Problems with the Austrian Business Cycle Theory
  • 本地全文:下载
  • 作者:Jeffrey Rogers Hummel
  • 期刊名称:Reason Papers : A Journal of Interdisciplinary Normative Studies
  • 印刷版ISSN:0363-1893
  • 出版年度:1979
  • 卷号:5
  • 出版社:Reason Papers
  • 摘要:As A HISTORIANI ,h ave long been interested in applying the insights of Austrian theory to the interpretation of business cycles as they have occurred in history. In pursuing this endeavor, I have encountered what I believe are a number of problems with Austrian business cycle theory. Although brought into relief by historical inquiry, the problems themselves are not historical. On the contrary, they are all theoretical in nature. Some are merely areas where the implications of Austrian theory have yet to be fully worked out. Others are more serious in that, if they are not resolved, they imply that Austrian business cycle theory is erroneous. Some I feel close to having resolved myself; on others, I can only offer constructive comments.
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