Austerity and fraud under different structures of technology and resource abundance
提出一个简单分析理论，说明经济危机源于固定成本相对可变成本较高的系统中实际资源成本上升，并揭示金融欺诈在此过程中的关键作用，以及不同固定与可变成本组合下紧缩与刺激政策的效果。
We present the implications of a simple analytical theory in which economic crisis emerges from rising real resource costs in systems with high fixed costs relative to variable costs. We show the integral role played by financial fraud in this process, and explain the effects of austerity and stimulus policies in the face of crisis under differing combinations of fixed and variable costs. Copyright The Author 2012. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved., Oxford University Press.