Errors in Time as Causes of Economic Fluctuations: An Introduction (original) (raw)

The paper analyzes the relationship between errors in time and economic fluctuations, primarily by examining the Austrian article derived from an original Italian text by Marco Fanno. It highlights the significance of 'Irrtümer in der Zeit' in understanding macroeconomic equilibrium and the disappointment of expectations, arguing for a nuanced exploration of expectations in economic theory. The paper also outlines key similarities and differences between the two articles and discusses how Fanno's contributions were pivotal to the theory of expectations, particularly in the context of economic fluctuations.