title: Austrian Economics and Entrepreneurial Studies, Volume 6 (Advances in Austrian Economics)
author: Koppl
description: ...Seventeen papers contribute to a dialogue between Austrian economics and entrepreneurial studies.<br />Journal of Economic Literature, 2004
zlib_text: 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  The New Austrian School of Economics
  
  NASoE
  
  The Austrian Business
  
  Cycle Revisited
  
  A dissertation by Peter M. Van Coppenolle submitted to Professor Antal E.
  Fekete of NASoE
  
  The Austrian
  
  Business Cycle
  
  Revisited
  
  November 2012
  
  ![image.png](../images/00001.jpeg)
  
  "Truth is incontrovertible: malice may attack it, ignorance may deride it, but
  in the end... there it is."
  
  W. Churchill
  
    
  JEL Classification number: E21, E22, E23, E24, E32, E32, E58
  
  Keywords: Austrian Business Cycle, Discount rate,Interest rate, Commodity
  Standard, Currencies, Gold Standard, Monetary System, Central Banking  
  
  
  
  
  
  # Contents
  
    
  
  
  
  
  
  # Abstract
  
  The Trade, Business or Kondratiev Cycle can be more coherently described and
  explained by approaching the phenomenon with a Theory of Hoarding, non-
  existent in mainstream or Austrian economics. Analysing the cycle as the
  result of both changes at the margin of speculation and liquidity preferences,
  only the Fullarton effect can explain the u