Antony Mueller explains some of the differences between the Austrian and the mainstream approach to a financial cycle, such as the fact that the latter limits the analysis because the main objective is to create mathematical models while the Austrian economics is more liberal and detailed in its approaches. He analyzes the monetary approach, the equilibrium and adaptation, and the monetary calculation of each economic method. He comments on the causes of production, how it lowers the interest rates, and also mentions the recycling of petrodollars that occurred in the 1970s. His main focus, however, is the explanation of the boom-bust cycles and the government’s role in such process. Mueller enhances this explanation by using Brazil as an example of the government’s role in the boom-bust cycles.
Financial Cycles, Business Activity and Asset Valuations Antony Mueller
Friedrich A. Hayek Auditorium Universidad Francisco Marroquín Guatemala, January 26, 2004
A New Media - UFM production. Guatemala, February 2004 Camera: Alexander Arauz; digital editing: Rebeca Zúñiga; index: Inés Zúñiga; synopsis: Sebastian del Buey; synopsis reviser: Daphne Ortiz; publication: Pedro David España
This work is licensed under a Creative Commons 3.0 License Este trabajo ha sido registrado con una licencia Creative Commons 3.0
Dr. Antony P. Mueller was born in Germany where he obtained his doctorate in economics from the University of Erlangen-Nuremberg. He is currently professor at the Federal University of Sergipe (UFS) in Brasil and academic director of the Instituto Mises Brasil. Antony Mueller is the founder of “The Continental Economics Institute” (www.continentaleconomics.com) and an adjunct scholar of the Ludwig von Mises Institute USA. He maintains the blog Cash & Currencies (www.cashandcurrencies.blogspot.com). Write e-mail to email@example.com.