Austrian Government Cycle Theory
- Institution: University of the Latin American Educational Center
- ORCID: https://orcid.org/0000-0002-7702-8875
- Institution: Loyola University New Orleans
- ORCID: https://orcid.org/0000-0002-2540-7224
- Institution: Loyola University New Orleans
- ORCID: https://orcid.org/0000-0003-2215-4791
- Year of publication: 2020
- Source: Show
- Pages: 9-28
- DOI Address: https://doi.org/10.15804/siip202001
- PDF: siip/19/siip1901.pdf
When government accounted for a small proportion of the economy, the Austrian Business Cycle Theory (ABCT) was apropos because private enterprises comprised the lion’s share of commercial interactions. But, of late, in more and more countries, the share of the economy accounted for by the state has increased, and that by business fi rms, less and less. Thus, it is time, it is past time, to introduce a new concept, Austrian Government Cycle Theory (AGCT). The present paper is an attempt to move us in that direction.
Teoria cykli rządu Austrii
Kiedy rząd odpowiadał za małą część gospodarki, austriacka teoria cykli gospodarczych (ABCT) była odpowiednia dla prywatnych przedsiębiorstw, które zawierały lwią część relacji biznesowych. Później w coraz większej ilości państw, udział gospodarki związanej z państwem wzrastał, a udział przedsiębiorstw prywatnych malał. Stąd nastał czas, aby zaprezentować nową koncepcję, czyli teorię cykli rządu Austrii (AGCT). Ten artykuł jest próbą ukazania tego właśnie fenomenu.
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