Critical Review 14 (1):95-97 (2000)
|Abstract||abstract Cowen and I agree that rational?expectations theory is unrealistic and that risk is difficult to quantify. However, we continue to disagree about the riskiness of consumption as opposed to investment. Since more investment might lead to a recession if investment is relatively risky, Cowen's use of rational?expectations theory to buttress the Austrian school's claim that market economies can shift toward relatively more investment without experiencing macroeconomic disruption remains suspect.|
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
|Through your library||Configure|
Similar books and articles
J. Barkley Rosser (1999). Between Vienna and Cambridge: The Risky Business of New Austrian Business‐Cycle Theory. Critical Review 13 (3-4):373-389.
J. Barkley Rosser, Between Cambridge and Vienna: The Risky Business of New Austrian Business Cycle Theory.
Tyler Cowen (2000). Risk and Business Cycles: Reply to Rosser. Critical Review 14 (1):89-94.
William N. Butos (1993). The Recession and Austrian Business Cycle Theory: An Empirical Perspective. Critical Review 7 (2-3):277-306.
Greg Hill (1996). Capitalism, Coordination, and Keynes: Rejoinder to Horwitz. Critical Review 10 (3):373-387.
Clifford F. Thies (1991). Business Cycles and Black Holes. Critical Review 5 (2):291-299.
Joakim Sandberg (2013). Ethical Investment. In Hugh LaFollette (ed.), The International Encyclopedia of Ethics. Wiley-Blackwell.
Elizabeth Ooi & Paul Lajbcygier (2013). Virtue Remains After Removing Sin: Finding Skill Amongst Socially Responsible Investment Managers. [REVIEW] Journal of Business Ethics 113 (2):199-224.
Adam Kolany (2010). Reversed Resolution in Reducing General Satisfiability Problem. Studia Logica 95 (3):407 - 416.
Tyler Cowen (1991). Can Keynesianism Explain the 1930s? Rejoinder to Smiley. Critical Review 5 (1):115-120.
Sorry, there are not enough data points to plot this chart.
Added to index2011-10-18
Recent downloads (6 months)0
How can I increase my downloads?