Risk and Business Cycles: New and Old Austrian Perspectives / Edition 1

by Tyler Cowen

Overview

Risk and Business Cycles examines the causes of business cycles, a perennial topic of interest within economics. The author argues the case for the revival of an important role for monetary causes in business cycle theory, which challenges the current trend towards favouring purely real theories. The work also presents a critique of the traditional Austrian theory of the trade cycle. This controversial approach will ensure that the book is of interest to all those involved with business cycles, as well as Austrian economics.

Product Details

ISBN-13:	9780415781299
Publisher:	Taylor & Francis
Publication date:	07/15/2010
Series:	Routledge Foundations of the Market Economy
Pages:	184
Product dimensions:	6.12(w) x 9.19(h) x (d)
Lexile:	1420L (what's this?)

Table of Contents

List of figures and tables, Acknowledgements, 1 INTRODUCTION, 2 A RISK-BASED THEORY IN REAL TERMS, 3 A RISK-BASED THEORY IN MONETARY TERMS, 4 BUSINESS CYCLES WITHOUT RATIONAL EXPECTATIONS: THE TRADITIONAL APPROACH OF THE AUSTRIAN SCHOOL, 5 EMPIRICAL EVIDENCE, Bibliography, Index