Cantillon and Ricardo effects: Hayek's contributions to business cycle theory

IF 0.6 3区经济学 Q4 ECONOMICS

European Journal of the History of Economic Thought Pub Date : 1998-06-01 DOI:10.1080/10427719800000022

H. Hagemann, Hans‐Michael Trautwein

引用次数: 26

Abstract

The distinctive line of argument in Hayek' business cycle theory can be characterized as a combination of the Cantillon effect monetary expansion on the price structure and the Ricardo effect of a shortage of consumption goods on the production of investment goods. This paper compares the original ideas of Cantillon and Ricardo with their adaptation and combination by Hayek. The differences help to expose fundamental problems in Hayek' theory and, more generally, in projects of integrating money and the business-cycle phenomenon with Walrasian general equilibrium theory.

查看原文本刊更多论文

坎蒂永与李嘉图效应:哈耶克对经济周期理论的贡献

哈耶克商业周期理论的独特论点可以被描述为货币扩张对价格结构的坎蒂隆效应和消费品短缺对投资品生产的李嘉图效应的结合。本文将坎蒂永和李嘉图的原始思想与哈耶克对他们的改编和结合进行了比较。这些差异有助于揭示哈耶克理论中的基本问题，更广泛地说，是将货币和商业周期现象与瓦尔拉斯的一般均衡理论相结合的项目中的基本问题。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

European Journal of the History of Economic Thought Multiple-

CiteScore

1.50

自引率

28.60%

发文量

期刊介绍： The European Journal of the History of Economic Thought (EJHET), a peer-reviewed journal, has quickly established itself as a leading forum for lively discussion on a wide range of issues in the history of economic thought. With contributions from both established international scholars and younger academics, EJHET is entirely pluralist and non-partisan with regard to subjects and methodologies - it does not subscribe to any particular current of thought, nor relate to any one geographic zone. The Managing Editors and Editorial Board and Advisory Board members are drawn from throughout Europe and beyond, and are committed to encouraging scholars from around the world to contribute to international research and debate.