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Lucas M. Engelhardt

Tags Business CyclesCapital and Interest Theory

Works Published inQuarterly Journal of Austrian Economics

Contact Lucas M. Engelhardt

Lucas M. Engelhardt is an Assistant Professor of Economics at Kent State University's Stark Campus. His work is in macroeconomics, primarily in examining how various assumptions about capital affect business cycle models.

The Marginal Efficiency of Capital: A Comment

JournalsJanuary 30, 2015
ABSTRACT: The impact of interest rates on investment choices is a key element in both Keynesian and Austrian theories of the business cycle. Fuller (2013) compares the Keynesian Marginal Efficiency of Capital approach to the Austrian Net Present Value approach, claiming that the two give different...

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Central Planning's Computation Problem

Friedrich Hayek and Ludwig von Mises demonstrated that central planners will be unable to manage an economy rationally due to the problems of dispersed knowledge and the impossibility of economic calculation

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Comment on "A Capital-Based Theory of Secular Growth"

Andrew Young (2009) suggests a capital-based theory for secular growth that is consistent with Austrian capital theory. He argues that investment in intangible capital

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Expansionary Monetary Policy and Decreasing Entrepreneurial Quality

Austrian business cycle theory has been criticized on the basis of “rational expectations.” That is, reasonably high quality entrepreneurs—which are required for economic growth...

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Errors, Business Cycles, and Government Stimulus

Audio/VideoJuly 26, 2014
Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2014.

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