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Austrian Macroeconomics

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Garrison explains in graphical terms the difference between simple Keynesianism and the disaggregated approach of the Austrians.

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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.

Reviews

Average Rating:
(based on 2 reviews)

Showing 2 Reviews:

by David
on 3/10/2012
Great content, poor quality
If you want a hard copy of this (and you most certainly do), you might be better off downloading and printing a PDF of and donating $6 to the Mises institute. The words flow off the page... too literally; they get cut off at the edge. It's not a large publication anyway-- you won't have to spend much on ink and paper. This is not reflective of what you can expect from other Mises Institute publications, which tend to be far higher quality.
by Joseph Walsh
on 3/9/2012
AustrAustrianian Macroeconomics A Diagrammatical Exposition
I've read several books re. Austrian economics. This book is very brief but if you are not an economist it's unintelligible and unreadable. Might be good if you are an upper level econ. major in college or economist. Was apparently written historically for that audience and not for general consumption.
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ISBN 9781610160070
UPC 161016007X
Publisher LvMI
Publication Date 11/1/2010
Binding PB
Page Length 43
Dimensions 4.25 x 7

Econ-geek? This t-shirt compares Keynes and the Austrians.
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Garrison explains in graphical terms the difference between simple Keynesianism and the disaggregated approach of the Austrians.
Price: $5.00