This article demonstrates certain doctrines of the Austrian school of economics are untenable. The focus is on certain aspects of capital theory undergirding Austrian Business Cycle theory. Other criticisms of Austrian Business Cycle Theory from Cambridge-Italian economists are briefly surveyed....

This article demonstrates certain doctrines of the Austrian school of economics are untenable. The focus is on certain aspects of capital theory undergirding Austrian Business Cycle theory. Quotations from the Austrian school economist Ludwig Lachmann and the Italian-Cambridge economist Joan...

In response to the global economic crisis, some have advocated that economists consider the economics of the Austrian school. This paper examines elements of Roger Garrison's Time and Money as an exposition of Austrian Business Cycle Theory not incorporating some of the more complex elements of...

The article presents previously unpublished material from file D13/12/111 in Sraffa's archives. In particular, it reproduces an English translation of Aurelio Macchioro;s review in Annali dell'Istituto Giangiacomo Feltrinelli, a summary by Christopher Bliss of a paper that he read to the...

This article illustrates the application of pattern analysis to structural economic dynamics with a choice of technique. A numerical example is presented in which technical progress is introduced. Examples of temporal paths through the parameter space illustrate variations of the wage frontier....