Austrian Macroeconomics: A Diagrammatical Exposition [NOOK Book]

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...
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Austrian Macroeconomics: A Diagrammatical Exposition

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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.
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Product Details

  • BN ID: 2940016316857
  • Publisher: Ludwig von Mises Institute
  • Publication date: 2/22/2013
  • Sold by: Barnes & Noble
  • Format: eBook
  • Sales rank: 927,163
  • File size: 791 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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