Titlebook: Austrian Theory of Capital and Business Cycle; A Modern Approach Pavel Potuzak Book 2022 The Author(s), under exclusive license to Springer

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Evaluation and Postprocessing of Results,ble or unsustainable. Sustainable allocation is associated with real economic growth that can be driven by lower time preference in the society, or by technological progress. Unsustainable allocation is caused by monetary forces coming either from the central bank and commercial banks on the supply

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Pavel PotuzakPresents recommendations for monetary policy based on the Austrian business cycle theory.Expands the Austrian approach to economics to make it more applicable to modern economics.Clarifies inconsisten

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