IDEAS home Printed from https://ideas.repec.org/a/cai/rferfe/rfe_094_0067.html
   My bibliography  Save this article

Théorie autrichienne du cycle et théorie des cycles d'équilibre

Author

Listed:
  • Christelle Mougeot

Abstract

According to Lucas? equilibrium business cycle theory, cycles are not the result of market failure but due to unavoidable errors on the part of optimizing agents. This approach is built on pre-war theories. Because misleading price signals are the catalysts of cyclical fluctuations, which means that individual behaviour is fundamental to explain aggregated phenomena, Lucas? equilibrium business cycle theory is called « neo-austrian » economics. But these Austrian roots are controversial. This article shows that concepts - equilibrium, expectations and information -, methods - structural analysis versus procedural and historical analysis - and research programs - forecasting versus coordination - fundamentally divide Lucas and Hayek.

Suggested Citation

  • Christelle Mougeot, 2009. "Théorie autrichienne du cycle et théorie des cycles d'équilibre," Revue française d'économie, Presses de Sciences-Po, vol. 0(4), pages 67-92.
    • Handle: RePEc:cai:rferfe:rfe_094_0067
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=RFE_094_0067
    Download Restriction: free
    File URL: http://www.cairn.info/revue-francaise-d-economie-2009-4-page-67.htm
    Download Restriction: free
    ---><---

    Citations

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


    Cited by:

    1. Nathanaël Colin-Jaeger & Thomas Delcey, 2020. "When efficient market hypothesis meets Hayek on information: beyond a methodological reading," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01933895, HAL.

    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:cai:rferfe:rfe_094_0067. 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: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-francaise-d-economie.htm .

    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.