Reswitching, the Average Period of Production and the Austrian Business Cycle: A Comment on Fratini
Review of Austrian Economics. Vol. 32. No. 4 pp. 375-382 (2019)
8 Pages Posted: 3 Jun 2019 Last revised: 14 Nov 2019
Date Written: May 11, 2019
In a recent contribution to this journal Severino Fratini (2019) offers a critique of our work on Austrian Capital Theory on the grounds that our conception of capital and “roundaboutness”. In this comment we explain why we think this criticism is wrong.
Keywords: roundaboutness, average period of production, reswitching
JEL Classification: E14, E23
Suggested Citation: Suggested Citation