Microfoundations and Macroeconomics: An Austrian Perspective (Routledge Foundations of the Market Economy)
| Author | : | |
| Rating | : | 4.12 (684 Votes) |
| Asin | : | 0415569575 |
| Format Type | : | paperback |
| Number of Pages | : | 292 Pages |
| Publish Date | : | 2014-11-17 |
| Language | : | English |
DESCRIPTION:
"Horwitz is not addressing only fellow economists: While this book is certainly not an introductory work it is readily accessible to any reader."-Gene Callahan, "Ideas on Liberty
Macroeconomics for the Real World Dan the Book Man In this short work, Stephen Horwitz plants macroeconomics -- economics of whole economies, including their changes -- firmly in Austrian microeconomics - economics at the level of individuals and firms. He grafts Austrian trade cycle theory -- its explanation of business cycles -- onto monetary disequilibrium theory, that peculiarly non-Austrian theory of shifts in money championed by Leland Yeager, Axel Liejonhufvud, and Rober
Steven Horwitz is Associate Professor of Economics at St.Lawrence University, New York
Here,Steven Horwitz constructs a systematic presentation of what Austrian macroeconomics would look like. In the past, Austrian economics has been seen as almost exclusively focused on microeconomics. This original and highly accessible work will be of great value and interest to professional economists and students.