The “Values-Riches” Model: An Alternative ...
Document type :
Article dans une revue scientifique: Article original
Permalink :
Title :
The “Values-Riches” Model: An Alternative to Garrison’s Model in Austrian Macroeconomics of Growth and Cycle
Author(s) :
Fillieule, Renaud [Auteur]
Centre Lillois d'Études et de Recherches Sociologiques et Économiques (CLERSE) - UMR 8019
Centre Lillois d'Études et de Recherches Sociologiques et Économiques (CLERSE) - UMR 8019
Journal title :
Quarterly Journal of Austrian Economics
Volume number :
8
Pages :
3-19
Publication date :
2005
HAL domain(s) :
Sciences de l'Homme et Société/Economies et finances
English abstract : [en]
The “values-riches” model is a pedagogical and graphical representation of Austrian macroeconomics, combining four elements: the concept of “invariable money” (Reisman 1996), the capitalization theory of interest of Fetter ...
Show more >The “values-riches” model is a pedagogical and graphical representation of Austrian macroeconomics, combining four elements: the concept of “invariable money” (Reisman 1996), the capitalization theory of interest of Fetter (1904, 1914) and Mises (1998), the Hayekian structure of production (Hayek 1931), and the growth theory of Böhm-Bawerk (1959). This model offers a simple visual illustration of equilibrium, growth, and business cycle as they may be conceived in an Austrian framework.Show less >
Show more >The “values-riches” model is a pedagogical and graphical representation of Austrian macroeconomics, combining four elements: the concept of “invariable money” (Reisman 1996), the capitalization theory of interest of Fetter (1904, 1914) and Mises (1998), the Hayekian structure of production (Hayek 1931), and the growth theory of Böhm-Bawerk (1959). This model offers a simple visual illustration of equilibrium, growth, and business cycle as they may be conceived in an Austrian framework.Show less >
Language :
Anglais
Peer reviewed article :
Oui
Audience :
Internationale
Popular science :
Non
Administrative institution(s) :
Université de Lille
CNRS
Univ. Littoral Côte d’Opale
CNRS
Univ. Littoral Côte d’Opale
Collections :
Research team(s) :
Économies et sociétés : développement, richesse, innovation et régulation
Submission date :
2023-01-06T18:53:05Z
2023-01-19T11:20:04Z
2023-01-27T14:57:18Z
2023-01-19T11:20:04Z
2023-01-27T14:57:18Z
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