Re-Switching, The Average Period of Production and the Austrian Business-Cycle Theory: A Comment on Fratini
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In a recent contribution to this journal Saverio Fratini (Review of Austrian Economics, 2019) offers a critique of our work on Austrian Capital Theory on the grounds that our conception of capital and “roundaboutness” does not appear to provide adequate support for the Austrian business-cycle theory. In this comment we explain why we think this criticism is wrong. © 2019, Springer Science+Business Media, LLC, part of Springer Nature.
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