ABSTRACT

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.

chapter |14 pages

Introduction

Is there an Austrian macroeconomics?

part |2 pages

Part I Market process microeconomics

chapter 1|23 pages

Prices, knowledge, and economic order

chapter 2|23 pages

The missing link

Capital theory as microfoundations

part |2 pages

Part II The macroeconomics of monetary disequilibrium

part |2 pages

Part III Policy implications and conclusions

chapter 8|3 pages

Conclusion

Microfoundations and macroeconomics