Jan 8, 2013

La huelga de la NHL explicada según la teoría austríaca del ciclo económico


Muy interesante:

The Austrian theory holds that government manipulation of interest rates leads to a period of malinvestment followed by liquidation—the boom-bust cycle. The sports business cycle operates along similar lines, only instead of a central bank manipulating the price of money, a league tries to control the price of labor through collective bargaining. Each such attempt inevitably results in a period of malinvestment followed by liquidation—the lockouts—before the cycle begins anew.

(Viene de acá)

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Post a Comment