A Formal Model in Hayekian Macroeconomics: The Proportional Goods-in-Process Structure of Production
Quarterly Journal of Austrian Economics
Author:
Renaud Fillieule
Online Publish Date:
Volume 10, No. 3 (2007) Most of the economists of the Austrian School use straightforward representations of the Hayekian structure of production. Even though these depictions are helpful in order to visualize the most basic features of growth and cycle theories in the Austrian tradition, a more detailed formalization is necessary in order to