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The Review of Austrian Economics

, Volume 32, Issue 4, pp 375–382 | Cite as

Re-switching, the average period of production and the Austrian business-cycle theory: A comment on Fratini

  • Peter LewinEmail author
  • Nicolas Cachanosky
Original Research

Abstract

In a recent contribution to this journal Saverio Fratini (Review of Austrian Economics, 2019) offers a critique of our work on Austrian Capital Theory on the grounds that our conception of capital and “roundaboutness” does not appear to provide adequate support for the Austrian business-cycle theory. In this comment we explain why we think this criticism is wrong.

Keywords

Average period of production Degree of roundaboutness Capital Re-switching Austrian business-cycle theory 

JEL classification

B25 B53 D24 D33 E32 

Notes

References

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Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  1. 1.University of Texas at DallasRichardsonUSA
  2. 2.Metropolitan State University, DenverDenverUSA

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