Lord Keynes — Daniel Kuehn on the Austrian Business Cycle Theory

Interest rates are not determinative in the way ABCT assumes; consumption and investment move in tandem rather than inversely as ABCT assumes, and "if lengthening of the capital structure has validity, the capital structure actually 'lengthens and contracts as a consequence of the business cycle, rather than as its cause' (Kuehn 2013: 523)."

Social Democracy For The 21St Century: A Post Keynesian Perspective
Daniel Kuehn on the Austrian Business Cycle Theory
Lord Keynes