Microfoundations and Macroeconomics [NOOK Book]


This book constructs a systematic presentation of what Austrian macroeconomics would look like. The book is original and highly accessible and will appeal to professional economists and students.
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Microfoundations and Macroeconomics

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This book constructs a systematic presentation of what Austrian macroeconomics would look like. The book is original and highly accessible and will appeal to professional economists and students.
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Editorial Reviews

Though Austrian economics has focused almost exclusively on microeconomic concerns such as price coordination and entrepreneurship, Horwitz (economics, St. Lawrence U., New York) looks at three distinct macroeconomic issues that have been pursued by Austrian economists in the post-revival years. They are the extensions of the Mises-Hayek theory of the trade cycle, the idea of free banking or a completely market-driven monetary system, and the pre-Keynesian monetary disequilibrium theories. He braids those three strands into a systematic presentation of what an Austrian macroeconomics might look like, and argues that traditional Austrian cycle theory is strongly compatible with the Yeagerian monetary disequilibrium perspective. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

Meet the Author

Steven Horwitz is Associate Professor of Economics at St.Lawrence University, New York
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Table of Contents

Part I: Introduction 1: Introduction: Is there an Austrian Macroeconomics? Part II: Market Process and Microeconomics 2: Prices, Knowledge and Economic Order 3: The Missing Link: Capital Theory as Microfoundations Part III: The Macroeconomics of Monetary Disequilibriam 4: Monetary Equilibriam as an Analytical Framework 5: Inflation, the Market Process, and Social Order 6: Monetary Equilibrium Theory and Deflation 7: W.H.Hutt on Price Rigidities and Macroeconomic Disorder Part IV: Policy Implications and Conclusions 8: Monetary Policy, Monetary Regimes, and Monetary Disequilibria 9: Conclusions: Microfoundations and Macroeconomics
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