IDEAS home Printed from https://ideas.repec.org/a/kap/revaec/v16y2003i2-3p205-29.html
   My bibliography  Save this article

Production Period and Cycles: Several Interpretations in a Neo-Austrian Economic Perspective

Author

Listed:
  • Augier, Jose
  • Augier, Laurent

Abstract

The aim of this contribution is to study the notion of the period of production by taking into consideration the time-consuming nature of capital. Long delays between investment expenditures and receipts of profits from capital are indeed a remarkable property of the Austrian theory of capital. The study of the great essays of the neo-Austrian capital theory modeling allows us to postulate that there are at least two large contributing groups depending upon whether the production period is endogenous or exogenous. Our work consists in showing the well-founded methodology of the first current by suggesting a neo-Austrian interpretation of the non-steady state behavior of the standard macroeconomic model. We show that the origin of economic cycles is the potential conflict between the producer's plan of investment through the period of production and the inter-temporal choices of the consumers. Copyright 2003 by Kluwer Academic Publishers

Suggested Citation

  • Augier, Jose & Augier, Laurent, 2003. "Production Period and Cycles: Several Interpretations in a Neo-Austrian Economic Perspective," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 16(2-3), pages 205-229, September.
    • Handle: RePEc:kap:revaec:v:16:y:2003:i:2-3:p:205-29
    as

    Download full text from publisher

    File URL: http://journals.kluweronline.com/issn/0889-3047/contents
    File Function: link to full text
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Robert Mulligan, 2006. "Accounting for the business cycle: Nominal rigidities, factor heterogeneity, and Austrian capital theory," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 19(4), pages 311-336, December.
    2. George Bitros, 2008. "Why the structure of capital and the useful lives of its components matter: A test based on a model of Austrian descent," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 21(4), pages 301-328, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:revaec:v:16:y:2003:i:2-3:p:205-29. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.