RISK AND ABCT In developing Austrian business cycle theory (ABCT), Austrian economists have tended to focus on capital structure and capital markets, but risk and the related concept of reserve assets or "precautionary assets" developed by Ludwig Lachmann in the 1930s, 1940s and 1950s have received little attention.
What does ABCT stand for?
ABCT stands for Austrian Business Cycle Theory
This definition appears frequently and is found in the following Acronym Finder categories:
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See other definitions of ABCT
We have 13 other meanings of ABCT in our Acronym Attic
- Alberta Breast Cancer Screening Program (Calgary, Alberta, Canada)
- Academy for the Advancement of Businesss & Computer Technology
- AIDS Business Coalition Tanzania
- Airborne Battalion Combat Team (US Army)
- Airborne Brigade Combat Team
- Alliance of Boulder County on Tobacco and Health (Boulder, CO, USA)
- American Board of Chelation Therapy
- Appearance, Behavior, Cognition, Thought (mental health evaluation process)
- Armored Brigade Combat Team (US Army)
- Association for Behavioral and Cognitive Therapies (formerly known as the Association for Advancement of Behavior Therapy)
- Autologous Blood Cell Transplantation
- Amalgamated Bean Coffee Trading Company
- Arthur Brisbane Child Treatment Center (New Jersey)
- Amalgamated Bean Coffee Trading Company Limited (India)
- American Board for Certification of Teacher Excellence
- Army Brigade Combat Team Modernization (formerly Future Combat Systems; US Army)
- Auto Body Credit Union
- Another Baltimore Computer Users Group (Maryland)
- Association of British Credit Unions Ltd (United Kingdom)
- American Baptist Churches USA
Samples in periodicals archive:
The authors offer interpretations according to the Austrian business cycle theory of Hayek and Mises, as described in a lengthy foreword by Jesus Huerta de Soto.
Niskanen also found that over the long term, unemployment is an increasing function of the inflation rate, exactly as Austrian business cycle theory predicts.
Central to this critique is the Austrian business cycle theory, which helped win Hayek his Nobel Prize for economics in 1974.
Introduction Jeffrey Rogers Hummel criticizes Austrian Business Cycle Theory (ABCT), and it is our intent in the present article to reply to his criticisms, (1) defending this viewpoint against the difficulties he raises with it.
Austrian business cycle theory, far from being unnecessarily complex, is the only theory that properly places business cycles in the full context of a functioning economy, firmly grounded in individual action.
Second, Austrian Business Cycle theory indicates that the reason for our financial panic was the credit expansion undertaken by Greenspan, which fueled the housing bubble.