The Role of Capital Structure in ABCT

2018. Journal of Private Enterprise. Vol. 33, No. 2

17 Pages Posted: 25 Apr 2017 Last revised: 25 Apr 2019

See all articles by Nicolas Cachanosky

Nicolas Cachanosky

The University of Texas at El Paso; American Institute for Economic Research; UCEMA Friedman-Hayek Center for the Study of a Free Society

Peter Lewin

University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics

Date Written: April 24, 2017

Abstract

We argue that the application of financial analysis, especially that of duration, clarifies and supports the application of the average period of production in ABCT. We also suggest that the focus in the recent ABCT literature should be more on the average period of production (APP) and less in the stages of production as depicted in Hayek’s triangle in Garrison’s model.

Keywords: ABCT, capital theory, roundaboutness, average period of production

JEL Classification: B22, B25, E14, E32

Suggested Citation

Cachanosky, Nicolas and Lewin, Peter, The Role of Capital Structure in ABCT (April 24, 2017). 2018. Journal of Private Enterprise. Vol. 33, No. 2, Available at SSRN: https://ssrn.com/abstract=2957887 or http://dx.doi.org/10.2139/ssrn.2957887

Nicolas Cachanosky (Contact Author)

The University of Texas at El Paso

500 West University Avenue
El Paso, TX 79968
United States

HOME PAGE: http://https://www.utep.edu/

American Institute for Economic Research

PO Box 1000
Great Barrington, MA 01230
United States

UCEMA Friedman-Hayek Center for the Study of a Free Society ( email )

Buenos Aires
Argentina

Peter Lewin

University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics ( email )

2601 North Floyd Road
P.O. Box 830688
Richardson, TX 75083
United States

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