Book Review: <i>Austrian Theory of Capital and Business Cycle</i> : <i>A Modern Approach</i>

A Modern Approach, by Pavel Potuzak, is an interesting book and should be read by scholars in the Austrian tradition.I recommend it not because I agree with it but because I disagree with several of its assumptions and with its resulting analysis.Scholarly disagreements are necessary for scientific progress to be made, and I hope that these challenges will result in the further advancement of our discipline.

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Publication Details

Journal
The Quarterly Journal of Austrian Economics
Published
2026-02-03
DOI
https://doi.org/10.35297/001c.154305
Primary Topic
Economic Theory and Institutions
Type
article
Field-Weighted Citation Impact
0.00
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article

Book Review: Austrian Theory of Capital and Business Cycle : A Modern Approach

Paul Cwik
The Quarterly Journal of Austrian Economics
Economic Theory and Institutions
article

Book Review: Austrian Theory of Capital and Business Cycle : A Modern Approach

Paul Cwik
article en

Abstract

A Modern Approach, by Pavel Potuzak, is an interesting book and should be read by scholars in the Austrian tradition.I recommend it not because I agree with it but because I disagree with several of its assumptions and with its resulting analysis.Scholarly disagreements are necessary for scientific progress to be made, and I hope that these challenges will result in the further advancement of our discipline.

The Quarterly Journal of Austrian EconomicsVol. 28(4)
University of Mount Olive (US)
Decent work and economic growth
Openalex Percentile: Top 73%
Economic Theory and Institutions
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