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A Financial Theory of the Business Cycle
- Binding:
- Hardback
- Pages:
- 210
- Published:
- February 16, 2025
- Dimensions:
- 156x234x0 mm.
- Weight:
- 566 g.
Delivery:
2-3 weeks
Expected delivery: May 15, 2025
Description of A Financial Theory of the Business Cycle
A Financial Theory of the Business Cycle presents a new approach to business cycle theory based on the net present value. The book develops a novel diagrammatic approach to illustrate how fractional reserve banking systematically distorts net-present-value calculations.
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