Reflexivity, Business Cycles and the New Economy

Quarterly Journal of Austrian Economics, Vol. 7, No. 3, pp. 45-69, 2004

Posted: 30 Jan 2006 Last revised: 24 Apr 2009

See all articles by Joseph Calandro, Jr.

Joseph Calandro, Jr.

Fordham University - Gabelli Center for Global Security Analysis

Abstract

This paper begins by examining George Soros' theory of reflexivity. Soros' boom-bust model is then presented which, along with reflexivity theory, is synthesized with Austrian Business Cycle Theory in the development of specific criteria for each of the eight stages of a business or boom-bust cycle. Significant insight into business cycles can be gained by utilizing these criteria, as will be shown in an analysis of the relatively recent new economy business cycle.

Keywords: Business cycle, markets, investments

JEL Classification: E32, G10

Suggested Citation

Calandro, Jr., Joseph, Reflexivity, Business Cycles and the New Economy. Quarterly Journal of Austrian Economics, Vol. 7, No. 3, pp. 45-69, 2004. Available at SSRN: https://ssrn.com/abstract=878554

Joseph Calandro, Jr. (Contact Author)

Fordham University - Gabelli Center for Global Security Analysis ( email )

531 Hughes Hall
441 E. Fordham Rd
Bronx, NY 10458
United States

HOME PAGE: http://www.linkedin.com/in/josephcalandro/

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
961
PlumX Metrics