文章基本信息

标题：Tyler Cowen on Austrian Business Cycle Theory: A Critique
本地全文：下载
作者：William Barnett II ; Walter Block
期刊名称：New Perspectives on Political Economy
印刷版ISSN：1801-0938
电子版ISSN：1801-0938
出版年度：2006
卷号：02
期号：02
出版社：Liberalni Institut, University of Economics, Prague
摘要：Cowen (1997) criticizes Austrian Business Cycle Theory (ABCT) on eight grounds: 1. systematic errors; 2. inflation volatility; 3. confusion of inflation and savings; 4. confusion of inflation and investment; 5. real vs. nominal rates of interest; 6. interest rate information; 7. investor interpretation of interest rates; 8. validation of inflationary investments. The present paper rejects all of these claims, and defends ABCT against them.