This review discusses the unique features of Austrian economics and some of the recent
contributions of this school of thought. We organize these contributions in different research …

The Austrian School of Economics is an intellectual tradition in economics and political
economy dating back to Carl Menger in the late-19th century. Menger stressed the …

We apply the EVA terminology to the concepts of roundaboutness and average period of
production in capital theory. By doing this we show that these terms have a clear and well …

Who would disagree that money matters? Economists have yet to sufficiently explore issues
related to monetary inflation in relation to the Cantillon effect, ie distribution and price effects …

The post-crisis environment has seen a number of poignant developments over the nature of
political and economic continuity. As austerity policies have emerged, a wide collection of …

This chapter provides a comprehensive survey of the contributions of the Austrian school of
economics, with specific emphasis on post-WWII developments. We provide a brief history …

Austrian business cycle theory (ABCT) is a body of hypotheses embodying particularly
Austrian insights and assumptions. The canonical variant associated with Mises (1934 …

Schumpeter (1939) conjectured that there exist many, or perhaps even an indefinite number
of subcycles in an economy, but that in the long run only a few subcycles remain stable and …

According to Hayek's “theory of the Ricardo Effect” there is a “decline of investment” on the
part of the consumer goods industries that starts halfway through the cyclical upswing. This …

The market economy is not the only arena of human interaction to experience booms and
busts. Science is another. We argue that government policies and funding as well as the …