Year: 2006
Type: article
Abstract: Cowen (1997) criticizes Austrian Business Cycle Theory (ABCT) on eight grounds: 1. systematic errors; 2. inflation volatility; 3. confusion of inflation and savings; 4. confusion of inflation and investment; 5. real vs. nominal rates of interest; 6. interest rate information; 7. investor interpretation of interest rates; 8. validation of inflationary investments. The present paper rejects all of these claims, and defends ABCT against them.
DOI: 10.62374/ffc67k29
Authors: William Barnett II, Walter Block
Institution: Loyola University New Orleans
Language: English
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W84187639