Money, Inflation, and Business Cycles: The Cantillon Effect and the Economy-Book Review, David Gordon

Pronounced: Can tee on

“Abstract: Austrian economists hold that money matters a great deal in concrete terms in the immediate short run and has permanent long-run effects. Sierońs book investigates the Cantillon effect, which indicates that money is not neutral because inevitabily it is injected unevenly, creating economic distortions. These distortions are important to the long run and the Austrian theory of the business cycle.”



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