THE CONCEPTUALIZATION OF THE THEORY OF BUSINESS CYCLES IN THE CONTEXT OF THE AUSTRIAN SCHOOL OF ECONOMICS
Анотація
The main principles of the Austrian school of economics concerning the economic recurrence are defined in the article. The analysis of the causes and character of a typical business cycle conduct in accordance with the theory of the representatives of this school is carried out. The analysis of the effect of the increase of fiduciary money supply in circulation on the economic system is done.The role of state regulations in the formation of prerequisites of new cyclical fluctuations is determined.
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