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Hayek’S Profits, Interest And Investment: Explaining The Importance Of Capital Heterogeneity

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  • Fabio Barbieri

    (Universidade Presbiteriana Mackenzie (UPM))

Abstract

The purpose of this article is to analyze the development of the Austrianbusiness cycle theory found in Hayek’s Profits, Interest and Investment. We arguethat the differences between the criticism raised by Kaldor and the praise madeby Lachmann can be traced to the unorthodox core assumptions of the Austrianresearch program that prevented further dialogue.

Suggested Citation

  • Fabio Barbieri, 2006. "Hayek’S Profits, Interest And Investment: Explaining The Importance Of Capital Heterogeneity," Revista de Economia Mackenzie (REM), Mackenzie Presbyterian University, Social and Applied Sciences Center, vol. 4(4), pages 35-52, january-d.
    • Handle: RePEc:aft:journl:v:4:4:2006:jan:dec:p:35-52
    DOI: -
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