All Articles tagged interest

• Articles
  February 01, 2024 CDT
  The Myth of the Price Premium
  Kristoffer Mousten Hansen

  Is the price premium proposed by Irving Fisher an incoherent concept, as Rothbard argued? Hansen suggests a Mises-Rothbard premium based on the Cantillon effect to explain persistently low interest rates.

  Abstract
• Articles
  July 06, 2023 CDT
  Eugen von Böhm-Bawerk’s “Interest Theory of 1876”
  Edward W. FullerPhilipp BagusMatthew J. GeigerEugen von Böhm-Bawerk

  The inaccessibility of Böhm-Bawerk's "Interest Theory of 1876" is baffling, given his statement that it is an early outline of all his future work. This is its first English translation.

  Abstract
• Book Reviews
  August 05, 2021 CDT
  Book Review: Monetary Policy after the Great Recession: The Role of Interest Rates
  Nikolay Gertchev

  Nikolay Gertchev reviews Arkadiusz Sieron's effort to investigate the failure of expansionary monetary policy to address the challenges of the 2008-09 Great Recession.

  Abstract
• Articles
  August 05, 2021 CDT
  The Case against the New “Secular Stagnation Hypothesis”
  Mihai Macovei

  Lawrence Summers claims that excess savings and feeble investment led to secular stagnation in advanced economies. Macovei defends the Austrian business cycle theory against Summers's arguments.

  Abstract
• Articles
  April 15, 2021 CDT
  Reasons for the Demise of Interest: Savings Glut and Secular Stagnation or Central Bank Policy?
  Thomas MayerGunther Schnabl

  Mayer and Schnabl show that low growth is best explained by the Austrian business cycle theory rather than aging societies producing savings gluts or secular stagnation.

  Abstract
• Articles
  September 28, 2020 CDT
  Corporate Risk Evaluation in the Context of Austrian Business Cycle Theory
  Joanna Kruk

  This analysis of NPV and interest rate changes in the context of Austrian business cycle theory quantifies the riskier positions entrepreneurs take during the boom phase of the cycle.

  Abstract
• Articles
  March 21, 2020 CDT
  An Overlooked Scenario of “Reswitching” in the Austrian Structure of Production
  Er'el Granot

  Reswitching indicates that the average production period is not necessarily a decreasing function of the interest rate. Granot's generic model of the structure of production shows behavior resembling reswitching.

  Abstract
• Book Reviews
  December 31, 2019 CDT
  Book Review: Money, Inflation, and Business Cycles: The Cantillon Effect and the Economy
  Mark Thornton

  Mark Thornton reviews Arkadiusz Sieroń's important new book on the Cantillon Effect, which indicates that the effect of new money on the economy depends on where it is injected.

  Abstract
• Articles
  October 30, 2018 CDT
  A Brief Defense of Mises’s Conception of Time Preference and His Pure Time Preference Theory of Interest
  G.P. Manish

  G.P. Manish argues that the existence of time preference does not require unrealistic assumptions, and can explain the spread between the prices of inputs and outputs.

  Abstract