The Hayekian triangle is a diagram used in Austrian economics to depict the structure of production as a sequence of stages extending through time toward the output of consumer goods. It was introduced by Friedrich Hayek in Prices and Production (1931) and later became closely associated with Austrian capital theory and the Austrian business cycle theory.
The Hayekian triangle is a diagram used in Austrian economics to depict the structure of production as a sequence of stages extending through time toward the output of consumer goods. It was introduced by Friedrich Hayek in Prices and Production (1931) and later became closely associated with Austrian capital theory and the Austrian business cycle theory.
Source: Wikipedia "Hayekian triangle" · CC BY-SA 4.0
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