SOROMENHO, Jorge Eduardo de Castro
Os novos-clássicos e a teoria dos ciclos de hayek - São Paulo : Editora 34, jul./set. 1998
It has been recently discussed the similitude between new-classical business cycle theory and Hayek's works on economic fluctuations. In this article, we aim at rejecting the thesis of similitude. Firstly, we present the new-classical theory with emphasis both on Lucas's works and on microeconomics foundations. After that, we discuss the difficulty to characterize Hayek's thought and we present a reconstruction of his project on the theory of cycles. We intend to demonstrate that Hayek and new-classical theories have different conceptions on the modus operandi of capitalistic economies
Os novos-clássicos e a teoria dos ciclos de hayek - São Paulo : Editora 34, jul./set. 1998
It has been recently discussed the similitude between new-classical business cycle theory and Hayek's works on economic fluctuations. In this article, we aim at rejecting the thesis of similitude. Firstly, we present the new-classical theory with emphasis both on Lucas's works and on microeconomics foundations. After that, we discuss the difficulty to characterize Hayek's thought and we present a reconstruction of his project on the theory of cycles. We intend to demonstrate that Hayek and new-classical theories have different conceptions on the modus operandi of capitalistic economies
