A Harvard Economist Tests Austrian Capital Theory

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06/19/2026 Robert P. Murphy Pol Antràs

Bob sits down with Harvard Economics Professor Pol Antràs to discuss his new paper applying Böhm-Bawerk’s average period of production to international trade, testing whether countries with lower interest rates tend to export goods requiring longer, more roundabout production processes.

Related:

Professor Antràs’ Paper, “An ‘Austrian’ Model of International Specialization”: Mises.org/HAP554a
Bob’s Article, “The Reswitching Question”: Mises.org/HAP554b

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