Some articles on austrian theory, theory, austrian:
... Monetary disequilibrium theory has always been a part of the Austrian Monetary theory.Significant features of the monetary-disequilibrium theory except the inclusion of the stable price level ... Mostly modern Austrian economists emphasize on the effects of inflation than the harm caused by rapid deflation ... Leland Yeager's theory of monetary disequilibrium is simpler than the Austrian School of thought but it leaves out important parts of the economic system and hence provides an ...
Famous quotes containing the words theory and/or austrian:
“If my theory of relativity is proven correct, Germany will claim me as a German and France will declare that I am a citizen of the world. Should my theory prove untrue, France will say that I am a German and Germany will declare that I am a Jew.”
—Albert Einstein (18791955)
“The war shook down the Tsardom, an unspeakable abomination, and made an end of the new German Empire and the old Apostolic Austrian one. It ... gave votes and seats in Parliament to women.... But if society can be reformed only by the accidental results of horrible catastrophes ... what hope is there for mankind in them? The war was a horror and everybody is the worse for it.”
—George Bernard Shaw (18561950)