MONEY, BUSINESS CYCLE AND FUNDAMENTAL UNCERTAINTY IN HAYEK
Autor(a) principal: | |
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Data de Publicação: | 2012 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Análise Econômica (Online) |
Texto Completo: | https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/12409 |
Resumo: | The article aims at investigating how F. A. Hayek’s monetary and business cycle theory implicitly assumes the existence of fundamental uncertainty. In order to achieve such a goal, the authors make a short exposition of the concept of fundamental uncertainty as defined by Dequech in several of his works. Afterwards, the authors expose the Hayekian interpretation on the central role of money and credit on business cycle, on the mechanism of forced saving and on the possibility of falsification of interest rate and the possibility of the economic system to behave away from the equilibrium. It can be said, then, that the price system may not supply the agents with the information that is necessary for the formation of correct expectations and decisions, a key characteristic of fundamental uncertainty. |
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MONEY, BUSINESS CYCLE AND FUNDAMENTAL UNCERTAINTY IN HAYEKMOEDA, CICLO E INCERTEZA FUNDAMENTAL EM HAYEKF. A. HayekIncertezaCiclos EconômicosB31D83E32E49F. A. HayekUncertaintyBusiness cyclesB31D83E32E49The article aims at investigating how F. A. Hayek’s monetary and business cycle theory implicitly assumes the existence of fundamental uncertainty. In order to achieve such a goal, the authors make a short exposition of the concept of fundamental uncertainty as defined by Dequech in several of his works. Afterwards, the authors expose the Hayekian interpretation on the central role of money and credit on business cycle, on the mechanism of forced saving and on the possibility of falsification of interest rate and the possibility of the economic system to behave away from the equilibrium. It can be said, then, that the price system may not supply the agents with the information that is necessary for the formation of correct expectations and decisions, a key characteristic of fundamental uncertainty.O objetivo do artigo é investigar de que maneira a teoria monetária e dos ciclos de F. A. Hayek deixa implícita a admissão, por este autor, da existência do tipo de incerteza classificado como fundamental. Para isso é feita uma breve exposição das variedades de incerteza segundo classificação de Dequech em alguns de seus trabalhos. Em seguida, passa-se à exposição da visão hayekiana acerca do papel central da moeda e do crédito na determinação do ciclo econômico, da existência do mecanismo da poupança forçada e a real possibilidade de falsificação da taxa de juros e de que o sistema econômico atue fora do equilíbrio. A partir daí se abre o caminho para que o sistema de preços não forneça as informações necessárias à correta formação de expectativas e à tomada de decisão por parte dos agentes, característica central da incerteza fundamental.UFRGS2012-12-07info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/1240910.22456/2176-5456.12409Análise Econômica; Vol. 30 No. 58 (2012): setembro de 2012Análise Econômica; v. 30 n. 58 (2012): setembro de 20122176-54560102-9924reponame:Análise Econômica (Online)instname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSporhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/12409/23419Copyright (c) 2019 Análise Econômicainfo:eu-repo/semantics/openAccessCarvalho, André Roncaglia deAngeli, Eduardo2013-09-13T19:22:25Zoai:seer.ufrgs.br:article/12409Revistahttps://seer.ufrgs.br/index.php/AnaliseEconomicaPUBhttps://seer.ufrgs.br/index.php/AnaliseEconomica/oai||rae@ufrgs.br2176-54560102-9924opendoar:2013-09-13T19:22:25Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)false |
dc.title.none.fl_str_mv |
MONEY, BUSINESS CYCLE AND FUNDAMENTAL UNCERTAINTY IN HAYEK MOEDA, CICLO E INCERTEZA FUNDAMENTAL EM HAYEK |
title |
MONEY, BUSINESS CYCLE AND FUNDAMENTAL UNCERTAINTY IN HAYEK |
spellingShingle |
MONEY, BUSINESS CYCLE AND FUNDAMENTAL UNCERTAINTY IN HAYEK Carvalho, André Roncaglia de F. A. Hayek Incerteza Ciclos Econômicos B31 D83 E32 E49 F. A. Hayek Uncertainty Business cycles B31 D83 E32 E49 |
title_short |
MONEY, BUSINESS CYCLE AND FUNDAMENTAL UNCERTAINTY IN HAYEK |
title_full |
MONEY, BUSINESS CYCLE AND FUNDAMENTAL UNCERTAINTY IN HAYEK |
title_fullStr |
MONEY, BUSINESS CYCLE AND FUNDAMENTAL UNCERTAINTY IN HAYEK |
title_full_unstemmed |
MONEY, BUSINESS CYCLE AND FUNDAMENTAL UNCERTAINTY IN HAYEK |
title_sort |
MONEY, BUSINESS CYCLE AND FUNDAMENTAL UNCERTAINTY IN HAYEK |
author |
Carvalho, André Roncaglia de |
author_facet |
Carvalho, André Roncaglia de Angeli, Eduardo |
author_role |
author |
author2 |
Angeli, Eduardo |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Carvalho, André Roncaglia de Angeli, Eduardo |
dc.subject.por.fl_str_mv |
F. A. Hayek Incerteza Ciclos Econômicos B31 D83 E32 E49 F. A. Hayek Uncertainty Business cycles B31 D83 E32 E49 |
topic |
F. A. Hayek Incerteza Ciclos Econômicos B31 D83 E32 E49 F. A. Hayek Uncertainty Business cycles B31 D83 E32 E49 |
description |
The article aims at investigating how F. A. Hayek’s monetary and business cycle theory implicitly assumes the existence of fundamental uncertainty. In order to achieve such a goal, the authors make a short exposition of the concept of fundamental uncertainty as defined by Dequech in several of his works. Afterwards, the authors expose the Hayekian interpretation on the central role of money and credit on business cycle, on the mechanism of forced saving and on the possibility of falsification of interest rate and the possibility of the economic system to behave away from the equilibrium. It can be said, then, that the price system may not supply the agents with the information that is necessary for the formation of correct expectations and decisions, a key characteristic of fundamental uncertainty. |
publishDate |
2012 |
dc.date.none.fl_str_mv |
2012-12-07 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/12409 10.22456/2176-5456.12409 |
url |
https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/12409 |
identifier_str_mv |
10.22456/2176-5456.12409 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/12409/23419 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2019 Análise Econômica info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2019 Análise Econômica |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
UFRGS |
publisher.none.fl_str_mv |
UFRGS |
dc.source.none.fl_str_mv |
Análise Econômica; Vol. 30 No. 58 (2012): setembro de 2012 Análise Econômica; v. 30 n. 58 (2012): setembro de 2012 2176-5456 0102-9924 reponame:Análise Econômica (Online) instname:Universidade Federal do Rio Grande do Sul (UFRGS) instacron:UFRGS |
instname_str |
Universidade Federal do Rio Grande do Sul (UFRGS) |
instacron_str |
UFRGS |
institution |
UFRGS |
reponame_str |
Análise Econômica (Online) |
collection |
Análise Econômica (Online) |
repository.name.fl_str_mv |
Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS) |
repository.mail.fl_str_mv |
||rae@ufrgs.br |
_version_ |
1799766266954645504 |