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<html>
<!-- THIS FILE WAS GENERATED BY A SCRIPT: DO NOT EDIT IT! -->
<head>
<meta charset="UTF-8">
<link href="style.css" rel="stylesheet" type="text/css"/>
<title>
Modeling the Capital Structure
</title>
</head>
<body>
<ul class="menu">
<li>
<a href="index.html" class="menu">HOME</a>
</li>
<li>
<a href="models.html" class="menu">MODELS</a>
</li>
<li>
<a href="https://github.com/gcallah/indras_net" class="menu">CODE</a>
</li>
<li>
<a href="about.html" class="menu">ABOUT</a>
</li>
<!--
|
<a href="resources.html">Resources</a>
-->
</ul>
<!--
Nothing for now!
<div style="text-align:center">
<figure class="logo">
<img src="https://upload.wikimedia.org/wikipedia/commons/2/21/Dewy_spider_web.jpg" width="5%"><img src="https://upload.wikimedia.org/wikipedia/commons/2/21/Dewy_spider_web.jpg" width="5%"><img src="https://upload.wikimedia.org/wikipedia/commons/2/21/Dewy_spider_web.jpg" width="5%"><img src="https://upload.wikimedia.org/wikipedia/commons/2/21/Dewy_spider_web.jpg" width="5%"><img src="https://upload.wikimedia.org/wikipedia/commons/2/21/Dewy_spider_web.jpg" width="5%"><img src="https://upload.wikimedia.org/wikipedia/commons/2/21/Dewy_spider_web.jpg" width="5%"><img src="https://upload.wikimedia.org/wikipedia/commons/2/21/Dewy_spider_web.jpg" width="5%"><img src="https://upload.wikimedia.org/wikipedia/commons/2/21/Dewy_spider_web.jpg" width="5%"><img src="https://upload.wikimedia.org/wikipedia/commons/2/21/Dewy_spider_web.jpg" width="5%"><img src="https://upload.wikimedia.org/wikipedia/commons/2/21/Dewy_spider_web.jpg" width="5%"><img src="https://upload.wikimedia.org/wikipedia/commons/2/21/Dewy_spider_web.jpg" width="5%"><img src="https://upload.wikimedia.org/wikipedia/commons/2/21/Dewy_spider_web.jpg" width="5%"><img src="https://upload.wikimedia.org/wikipedia/commons/2/21/Dewy_spider_web.jpg" width="5%"><img src="https://upload.wikimedia.org/wikipedia/commons/2/21/Dewy_spider_web.jpg" width="5%"><img src="https://upload.wikimedia.org/wikipedia/commons/2/21/Dewy_spider_web.jpg" width="5%"><img src="https://upload.wikimedia.org/wikipedia/commons/2/21/Dewy_spider_web.jpg" width="5%"><img src="https://upload.wikimedia.org/wikipedia/commons/2/21/Dewy_spider_web.jpg" width="5%"><img src="https://upload.wikimedia.org/wikipedia/commons/2/21/Dewy_spider_web.jpg" width="5%"><img src="https://upload.wikimedia.org/wikipedia/commons/2/21/Dewy_spider_web.jpg" width="5%"><img src="https://upload.wikimedia.org/wikipedia/commons/2/21/Dewy_spider_web.jpg" width="5%">
</figure>
</div>
-->
<h1>
Modeling the Capital Structure
</h1>
<p>
This project is intended to capture the idea of capital structure,
as presented in the works of Ludwig von Mises, Ludwig Lachmann,
Israel Kirzner, and others.
</p>
<p>
The project is being worked on by Manxueying Li.
</p>
<p>
Austrian Business Cycle Theory(ABCT) developed by Austrian school
of economics views business cycle as a result of artificially low
interest rate leading to the imbalance between saving and
investment. Low interest rate stimulates business investment
because of the lower cost of borrowing money. More investment bid
up prices for capital goods increasing the cost of production along
with the false information about sufficient recourse cause the
uncompleted production of final products which are not capable of
turning into profit. As a result, companies are not able to sell
their product and a lot of resources are being wasted leading to
an economic downturn.
</p>
</body>
</html>