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Austrian Macroeconomics: A Diagrammatical Exposition
     

Austrian Macroeconomics: A Diagrammatical Exposition

by Roger W. Garrison
 
When Murray Rothbard laid eyes on this classic monograph, he cheered. Here we have a graphical presentation that explains the Austrian view of macroeconomics in contrast to the simple and even simple-minded approach of the Keynesian aggregates.

The value here is to highlight the distinct emphasis of the Austrian School: time matters, capital is heterogeneous,

Overview

When Murray Rothbard laid eyes on this classic monograph, he cheered. Here we have a graphical presentation that explains the Austrian view of macroeconomics in contrast to the simple and even simple-minded approach of the Keynesian aggregates.

The value here is to highlight the distinct emphasis of the Austrian School: time matters, capital is heterogeneous, interest is not arbitrary, investment reflects human volition, production plans adapt to prevailing prices, and many more points that are completely lost on the flattened-out world generated by Keynesian mythology.

Roger Garrison has expanded on these expositions over the years but this monograph is the core presentation that has influenced so many.

Product Details

BN ID:
2940016316857
Publisher:
Ludwig von Mises Institute
Publication date:
02/22/2013
Sold by:
Barnes & Noble
Format:
NOOK Book
File size:
810 KB

Meet the Author

Roger Garrison, a professor of economics at Auburn University and adjunct scholar of the Mises Institute, is the author of Time and Money: The Macroeconomics of Capital Structure.

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