Quarterly Journal of Austrian Economics
Author:
Mateusz Machaj
Online Publish Date:
Quarterly Journal of Austrian Economics 18, no. 3 (Fall 2015) ABSTRACT: Austrian economists since the time of Böhm-Bawerk have argued that lowered interest rates lead, in general, to longer production processes. Recently Hülsmann (2011) and Fillieule (2007) have challenged this argument and demonstrated with mathematical precision that lowered