Ciclos econômicos: uma análise comparativa entre a instabilidade de Minsky e a teoria Austríaca Misesiana

Abstract

The present study aims to assess the premise that the Austrian cycle theory and the Minskyan theory, have relevant degree of similarity about the analysis of the dynamics of economic cycles, based on from the considerable points of correlation between the two theories. The research follows this comparative line between theories, seeking to understand the similarities, divergences and points of complementarity. For this, a theoreticalbibliographic methodology of literature review on the proposed theme was used. In this perspective, from the model descriptions and the comparison between them, the hypothesis about the relevance of the degree of similarity of the analyzes of the two cycle theories in question was evaluated. From the results obtained, there is a refutation of the initial hypothesis that there is a degree of similarity and compatibility between the theories. This is because despite having a reduced amount of contact points in their model approaches to the business cycle, however, it is clear that the theories diverge completely in fundamental points regarding causality and prescriptions, making compatibility as a whole difficult.