A Harvard Economist Tests Austrian Capital Theory
Bob sits down with Harvard Economics Professor Pol Antràs to discuss his new paper applying Böhm-Bawerk's average period of production to international trade, testing whether countries with lower interest rates tend to export goods requiring longer, more roundabout production processes.
Related:
Professor Antràs' Paper, "An ‘Austrian’ Model of International Specialization": Mises.org/HAP554a
Bob's Article, "The Reswitching Question": Mises.org/HAP554b
The skinny
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