Austrian Macroeconomics: A Diagrammatical Exposition - Softcover

Garrison, Roger W.

Softcover

ISBN 10: 161016007X ISBN 13: 9781610160070

Publisher: Ludwig von Mises Institute, 2010

Synopsis

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.

About this edition

• Publisher: Ludwig von Mises Institute
• Publication date: 2010
• ISBN 10: 161016007X
• ISBN 13: 9781610160070
• Binding: Paperback
• Number of pages: 42