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Austrian Business Cycle Theory
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Summary
The
Austrian Business Cycle Theory
posits that
Economic Cycles
are driven by
Distortions in interest rates
due to
Central bank interventions
, leading to
Unsustainable booms
followed by
Inevitable busts
. It emphasizes the
Misallocation of resources
during
Artificially low interest rate periods
, which eventually results in
Economic corrections
when
Rates normalize
.
Concepts
Interest Rate Manipulation
Credit Expansion
Capital Structure
Time Preference
Malinvestment
Economic Boom And Bust
Monetary Policy
Central Banking
Resource Allocation
Business Cycle Theory
Relevant Degrees
History of Economic Thought 70%
Economic Theory and Concepts 20%
Price Formation and Costs 10%
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