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.
Austrian Macroeconomics: A Diagrammatical Expositionby Roger W. Garrison
The value here is to highlight the distinct emphasis of the Austrian School: time matters, capital is heterogeneous,
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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.
- BN ID:
- Ludwig von Mises Institute
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- Barnes & Noble
- NOOK Book
- File size:
- 810 KB
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