The Austrian School of Economics and Market Instability

Market equilibrium is an illusion. The economic reality shows us that the main characteristic of the markets is the state of instability. The complexity of the phenomenon and the strong implications engendered by the economic fluctuations in the macro system, justify the rich scientific research activity of the main schools of economic thought to explain it. The Austrian school of economic thought has one of the most realistic analyses of the factors who generate the market instability.

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Year of publication:	2013
Authors:	Tiganas, Claudiu-Gabriel ; Peptine, Claudiu
Published in:	CES Working Papers. - Iasi : Alexandru Ioan Cuza University of Iasi, Centre for European Studies, ISSN 2067-7693. - Vol. 5.2013, 1, p. 129-137
Publisher:	Iasi : Alexandru Ioan Cuza University of Iasi, Centre for European Studies
Subject:	Market equilibrium \| economic cycle \| Austrian School \| interest rate Romania

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	hdl:10419/198235 [Handle] RePEc:jes:wpaper:y:2013:v:5:i:1:p:129-137 [RePEc]
Classification:	B13 - Neoclassical through 1925
Source:	EconStor

Persistent link: https://www.econbiz.de/10012017064