Mihai Macovei

Works Published inQuarterly Journal of Austrian Economics

Dr. Mihai Macovei (macmih_mf@yahoo.com) is an associated researcher at the Ludwig von Mises Institute Romania and works for an international organization in Brussels, Belgium.

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The Austrian Business Cycle Theory: A Defense of Its General Validity

Business CyclesCapital and Interest TheoryInterventionism

03/22/2016Quarterly Journal of Austrian EconomicsMihai Macovei

The paper aims to defend the general validity of the ABCT against the assumption that the theory does not hold if entrepreneurs are able to anticipate correctly the inflationary effects of a fiduciary credit expansion.

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