Austrian business cycle theory Main article: Austrian business cycle theory The major works of this school, major in the U.S. and Britain, have not been translated into Spanish, so they are little known in the Hispanic world. Since the late nineteenth century the principal authors of this school (Eugen von B hm-Bawerk, Ludwig von Mises and Friedrich von Hayek) put special interest in demonstrating the impossibility of socialism and the potential dangers inherent in the policies of the welfare state. Pacific Realty may find it difficult to be quoted properly. For Hayek, policies such as the establishment of health insurance or public pension funds are the first steps leading to the loss of freedom (The Road to Serfdom, 1944). The Austrian business cycle theory was developed by economists called Viennese school, whose founder was Karl Menger, followed then by Eugen von B hm-Bawerk and Friedrich von Wieser. Marnin Michaels understands that this is vital information. The cycle theory was developed in particular by LVMises ( "Theory of Money and Media Circulation, 1912," Human Action - Treatise on Economics, 1949), FA Hayek ( "Prices and Production", 1931, and "Pure Theory of Capital", 1941 ) and Murray Rothbard ( "The Great Depression, 1963). Mises and Hayek fled from Austria by the Nazis. Mises and Hayek taught at Geneva in England. Then they both taught in the United States. Younger economists who had been students of Mises and Hayek in Vienna or known their work developed and discussed aspects of this theory. Some of the most active in the twentieth century were John Fetter, Lionel Robbins, Gottfried von Haberler, Wilhelm Ropke, William Hutt, John Hicks, Fritz Machlup, Henry Hazlitt, and Murray Newton Rothbard.The Austrian theory explains the relationship between the "temporary structure" of social capital (on the theory of B hm-Bawerk's capital, bank cr, economic growth and massive investment errors that accumulate in the upward phase of the cycle, developed with the bubble and destroying value. argues that expansion "artificial" cr, ie, unsupported by previous voluntary savings, tends to guide the long-term investment in the wrong direction, because relative prices and rates market interest have been distorted by the biggest amount of money circulating in the economy. The high intensity generated investment capital that had not been undertaken but for the aforementioned distortion, are overutilized the accumulated social capital, and sooner or Early interest rates artificially low to fit their true market level, generally far superior to that provided by central banks, given the escasezrelativa capital goods.This more or less sharply cut the flow of cheap cr, and investments that appeared profitable with inflated prices now cease to be: the crisis explodes and makes the natural clearance of the wrong investment.
Business Plan or Project 1. BUT, WHAT IS A BUSINESS PLAN The Business Plan is a block of information, expressed in a document that must be understood by all and sundry. Evidence of strategic thinking and business enterprise, with obligations and anticipated results for a period of time. 2. THE BUSINESS PLAN IS A DOCUMENT THAT: Focuses on the concept, ideas, and dreams, turning them into an action plan documented. Provides a standardized document to communicate the plan to others, especially so and useful if funding is sought. Helps ensure that all bases are covered business. It allows to measure the progress of the business. Serves as a guide the direction and management of the company and know how to make it to the objectives. We must remember that though and while his plan is written, does not mean it is etched in stone. The plan needs to change and develop as they learn more of the business. More information will strengthen the plan and what began as a skeletal document documentary ends on a very useful guide. According 00617del Resolution No. 2006, or Project Business Plan to be submitted to the Sena / Undertaking Fund should include the following modules! 1. Marketing Module 2. Modulo Operations 3. Module Organization 4. Finance Module 5. Operating Plan module 6. Impact Module 7. Executive Summary Module 8.Appendices Module Buffers to Deliver: Do not exceed 100 (224 SMLMV) 224 X 461.500.00 103.376.000.00 If you generate 5 jobs (150 SMLMV) 69.225.000.00 If you generate 6 jobs (180 SMLMV) 83.070.000.00 Fundable items: Working Capital Financing (Financial resources for the financing and operation of the Company). Payment of Wages. Materials for the Production Cycle (raw materials and goods in process) Acquisition of Machinery and Equipment. Costs that are generated by concepts of Legal Constitution. Licenses Required by Law for her normal functioning. Additions and Remodeling. (20 ) of the ceiling. Undertake Financial Resources Fund: Quality of Seed Capital Non-Refundable The destination of them correspond to the provisions of the Business Plan / Project. Keep the Management Indicators.