Reswitching, the Average Period of Production and the Austrian Business Cycle: A Comment on Fratini

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See all articles by Peter Lewin

Peter Lewin

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

Nicolas Cachanosky

Metropolitan State University of Denver; American Institute for Economic Research

Date Written: May 11, 2019

Abstract

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

Lewin, Peter and Cachanosky, Nicolas, Reswitching, the Average Period of Production and the Austrian Business Cycle: A Comment on Fratini (May 11, 2019). Available at SSRN: https://ssrn.com/abstract=

Peter Lewin (Contact Author)

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

Nicolas Cachanosky

Metropolitan State University of Denver ( email )

Student Success Building
890 Auraria Pkwy #310
Denver, CO 80217
United States

HOME PAGE: http://www.ncachanosky.edu

American Institute for Economic Research

PO Box 1000
Great Barrington, MA 01230
United States

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