Fredrich August Von Hayek and the austrian business cycle

[master terrence]

I just finished making a presentation on this guy and his business cycle, and still I can not grasp what it is O.O. Atleast I am not sure if I have...

Please enlighten me. Yes, I have checked the wiki.

[HSaabedra]

Merely the rejection of implied or intrinsic value due to the lack of information. Only those resources that have physical properties should have value.

[master terrence]

thank you .

Merely the rejection of implied or intrinsic value due to the lack of information.

the increase of interest has no value?
he doesn't think there is value from inflation, right?

In my pres I put:

Inflation, which would seem to “increase” your value, really doesn't increase your value, so do not think that more means are available for production, when they are not.

[HSaabedra]

thank you .



the increase of interest has no value?
he doesn't think there is value from inflation, right?


Correct.

In my pres I put:

Inflation, which would seem to “increase” your value, really doesn't increase your value, so do not think that more means are available for production, when they are not.

You are correct.