Time and money
the macroeconomics of capital structure
by Roger W Garrison
"Roger W. Garrison claims that modern Austrian macroeconomics, which builds on the early writings of F.A. Hayek, can be comprehended as an effort to reinstate the capital-theory core that allows for a real coupling of short- and long-run perspectives. Although the macroeconomic relationships identified are largely complementary to the relationships that have dominated the thinking of macroeconomists for the past half century, Time and Money presents a fundamental challenge to modern theorists and practitioners who overdraw the short-run/long-run distinction. The primary focus of this text is the intertemporal structure of capital and the associated set of issues that have long been neglected in the more conventional labor- and money-based macroeconomics.
This volume puts forth a persuasive argument that the troubles that characterize modern capital-intensive economies, particularly the episodes of boom and bust, may best be analyzed with the aid of a capital-based macroeconomics."--Jacket.
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Time and money: the macroeconomics of capital structure
2001, Routledge
in English
0415079829 9780415079822
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Includes bibliographical references (p. [256]-264) and index
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| October 17, 2025 | Edited by MARC Bot | import existing book |
| December 16, 2022 | Edited by MARC Bot | import existing book |
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| December 11, 2009 | Created by WorkBot | add works page |