Austrian Macroeconomics A Diagrammatical Exposition 9781610160070 Economics Books
Download As PDF : Austrian Macroeconomics A Diagrammatical Exposition 9781610160070 Economics Books
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.
Austrian Macroeconomics A Diagrammatical Exposition 9781610160070 Economics Books
This book explains concisely and straightforward the main characteristics of Austrian Macroeconomics, starting with the Time dimension of the Structure of Production and the vital importance of the Intertemporal Exchange that lays behind it.How Monetary disturbances affect the free market via the credit expansion and their effects on the Structure of Production due to the non uniform injection of newly created money.
It ends up with a short overview of the Business Cycle, stressing the fact that it is during the "Boom" period when wasteful malinvestment takes place due to the bank credit's interference with the free market.
This book establishes strong basis in the matter, inviting the reader -free will- to deeply investigate about it.
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Tags : Austrian Macroeconomics: A Diagrammatical Exposition: 9781610160070: Economics Books @ Amazon.com,Roger W. Garrison,Austrian Macroeconomics: A Diagrammatical Exposition,Ludwig von Mises Institute,161016007X,Nonfiction - Economics,BUSINESS & ECONOMICS Economics Macroeconomics
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Austrian Macroeconomics A Diagrammatical Exposition 9781610160070 Economics Books Reviews
Must read for any self-described Austrian
Hard to understand except for basic point that production is time sensitive
OK
This book explains concisely and straightforward the main characteristics of Austrian Macroeconomics, starting with the Time dimension of the Structure of Production and the vital importance of the Intertemporal Exchange that lays behind it.
How Monetary disturbances affect the free market via the credit expansion and their effects on the Structure of Production due to the non uniform injection of newly created money.
It ends up with a short overview of the Business Cycle, stressing the fact that it is during the "Boom" period when wasteful malinvestment takes place due to the bank credit's interference with the free market.
This book establishes strong basis in the matter, inviting the reader -free will- to deeply investigate about it.
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