Business Cycles, Part II
F. A. Hayek's pioneering work on business cycles is regarded as an important challenge to Keynesian macroeconomics. Business Cycles, Part I and Business Cycles, Part II bring together Hayek's work on what causes periods of boom and bust in the economy. Moving away from the classical emphasis on equilibrium, he demonstrates that business cycles are generated by the adaptation of the structure of production to changes in relative demand. Thus, when central banks artificially lower interest rates, the result is a misallocation of capital and the creation of asset bubbles and additional instability. Part I contains his two major monographs on the…
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Produktdetails
Weitere Autoren: Klausinger, Hansjoerg (Hrsg.)
- ISBN: 978-0-86597-904-8
- EAN: 9780865979048
- Produktnummer: 21981991
- Verlag: Liberty Fund Inc
- Sprache: Englisch
- Erscheinungsjahr: 2017
- Seitenangabe: 360 S.
- Masse: H22.6 cm x B15.0 cm x D2.3 cm 590 g
- Gewicht: 590
- Sonstiges: Ab 18 - 18 J.
48 weitere Werke von F. A. Hayek:
An Enquiry into the Nature and Effects of the Paper Credit of Great Britain
Ebook (PDF Format)
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An Enquiry into the Nature and Effects of the Paper Credit of Great Britain
Ebook (EPUB Format)
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