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Alternative title:

Monetary disruption as the root cause of fluctuations in economic situation

Subject and Keywords:

monetary disruption   fluctuations   economic situation

Abstract:

The aim of this paper is to present a general overview of the problem of cyclical fluctuations in terms of the Austrian school of economics and to identify theoretical considerations leading to the argument included in its subject. The main economic issue of the theory is the efficient allocation of resources in the economy and their proper distribution between the competing processes of production and consumer needs. According to it, money disturbance affects the market processes, which is the reason for the erroneous distribution of available resources and causing the economic crisis. The main culprit is the monetary expansion, which started a string of events ultimately leading to changes in the real economy.

Place of publishing:

Wrocław

Publisher:

Wydawnictwo Uniwersytetu Wrocławskiego

Date issued:

2009

Date copyrighted:

2009

Identifier:

ISSN 1733-5779   ISSN 0239-6661

Source:

PAd 102060 II

Language:

eng   pol

Relation:

Studenckie Prace Prawnicze, Administratywistyczne i Ekonomiczne, ISSN 1733-5779. Nr 6 (2009), s. 31-41

Is version of:

Czasopisma Naukowe w Sieci

Rights holder:

Copyright by Wydawnictwo Uniwersytetu Wrocławskiego Sp. z o.o.