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A Financial Theory of the Business Cycle

About 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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  • Language:
  • English
  • ISBN:
  • 9781032867595
  • Binding:
  • Hardback
  • Pages:
  • 210
  • Published:
  • February 16, 2025
  • Dimensions:
  • 156x234x0 mm.
  • Weight:
  • 566 g.
Delivery: 2-3 weeks
Expected delivery: April 25, 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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