Reconciling Hayek’s and Keynes’ views of recessions
Recessions often happen after periods of rapid accumulation of houses, consumer durables and business capital. This observation has led some economists, most notably Friedrich Hayek, to conclude that recessions often reflect periods of needed liquidation resulting from past over-investment. Accordi...
| Κύριοι συγγραφείς: | , , |
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| Μορφή: | Journal article |
| Έκδοση: |
Oxford University Press
2017
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