Microfoundations and Macroeconomics: An Austrian Perspective |
 | Author: Steven Horwitz
Publisher: Routledge
Category: Book
List Price: $37.95
Buy New: $31.15
as of 9/7/2010 22:37 CDT details
You Save: $6.80 (18%)
New (10) Used (5) from $27.54
Seller: GrooveBook
Rating:  1 reviews
Sales Rank: 778,763
Media: Paperback
Edition: 1
Pages: 288
Number Of Items: 1
Shipping Weight (lbs): 1
Dimensions (in): 9.1 x 6.1 x 0.8
ISBN: 0415569575
Dewey Decimal Number: 330
EAN: 9780415569576
ASIN: 0415569575
Publication Date: January 15, 2010
Availability: Usually ships in 1-2 business days
|
|
|
Also Available In:
|
|
Similar Items:
|
|
|
Editorial Reviews:
Product Description
In the past, Austrian economics has been seen as almost exclusively focused on microeconomics. Here,Steven Horwitz constructs a systematic presentation of what Austrian macroeconomics would look like. This original and highly accessible work will be of great value and interest to professional economists and students.
|
|
Customer Reviews:
Macroeconomics for the Real World April 5, 2008
Dan the Book Man (Stowe, VT USA)
13 out of 14 found this review helpful
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 Robert Greenfield.
Horwitz analyzes inflation and also deflation, focuses on how changes in money affect capital at a macroeconomic level. He illustrates how fractional reserve free banking fits into macroeconomics - mainly by showing how laissez faire in banking would avoid many of the pitfalls of regulated or central banking.
Horwitz's summary and appraisal of William H. Hutt's work on price rigidities is another reason to recommend this book.
|
