Titlebook: Austrian Theory of Capital and Business Cycle; A Modern Approach Pavel Potuzak Book 2022 The Author(s), under exclusive license to Springer

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https://doi.org/10.1007/978-3-031-18728-5Austrian Theory of Capital; B?hm-Bawerkian Theory; The Hayek Triangle; Structure of Production; Possibil

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The Author(s), under exclusive license to Springer Nature Switzerland AG 2022

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J. A. Vargas-Guzmán,B. Vargas-Murilloble or unsustainable. Sustainable allocation is associated with real economic growth that can be driven by lower time preference in the society, or by technological progress. Unsustainable allocation is caused by monetary forces coming either from the central bank and commercial banks on the supply

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Colin Badenhorst,Shane O’Connell,Mario Rossired a homogeneous mass. Austrian capital theory was designed to explain allocation of material resources that can change not only in the neoclassical long run, but also in the short run. The basic concept of capital in neoclassical theory, fixed capital, is not central to Austrian theory, because it

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Computer Methods in the Geosciences. Representative balance sheets of commercial banks are introduced along with two fundamental responses of banks to the increased demand for credit. The pattern of the Austrian business cycle is then presented in the model. The emphasis is put on the elastic money supply and its endogenous character