Reswitching, the Average Period of Production and the Austrian Business Cycle: A Comment on Fratini

2019 ◽  
Author(s):  
Peter Lewin ◽  
Nicolas Cachanosky
Keyword(s):  
Business Cycle ◽  
Average Period ◽  
Austrian Business Cycle ◽  
Average Period Of Production

Adolphe Landry and Irving Fisher on Circulation and Interest

2012 ◽  
pp. 115-123
Author(s):  
Robert W. Dimand
Keyword(s):  
World War I ◽  
Average Period ◽  
World War ◽  
Interest Theory ◽  
Quantity Theory ◽  
The Us ◽  
Average Period Of Production

In the two decades before World War I, Irving Fisher and his French contemporary Adolphe Landry presented and extended Boehm-Bawerk's theory capital and interest, although both of them criticized Boehm-Bawerk's concept of an average period of production. They analyzed each other's work on interest theory in books reviews and books. They both attempted to construct an operationally meaninful version of the quantity theory of money, with Fisher building explicitly on early studies by Landry and Pierre des Essars in France and by Edwin Kemmerer and David Kinley in the US.

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