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

Lewin, Peter; Cachanosky, Nicolas

doi:10.2139/ssrn.3386843

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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

See all articles by Peter Lewin

Peter Lewin

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

Nicolas Cachanosky

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

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: 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). Review of Austrian Economics. Vol. 32. No. 4 pp. 375-382 (2019), Available at SSRN: https://ssrn.com/abstract=3386843 or http://dx.doi.org/10.2139/ssrn.3386843