TIME AND MONEY:THE MACROECONOMICS OF CAPITAL STRUCTURE by ROGER W.GARRISON, Garrison, Roger W, Roger W. Garrison ISBN 9781134895854, 9781134895892, 9780203320389, 9781134895908, 9780415079822, 9781280324253, 9780203208083, 9780429229695 instant download

TIME AND MONEY:THE MACROECONOMICS OF CAPITAL STRUCTURE by ROGER W.GARRISON, Garrison, Roger W, Roger W. Garrison ISBN 9781134895854, 9781134895892, 9780203320389, 9781134895908, 9780415079822, 9781280324253, 9780203208083, 9780429229695 instant download

\"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 In early 1997 a small group of world-class economists, serving as panelists in a session of the American Economics Association meetings, addressed themselves to the question \"Is there a core of practical macroeconomics that we should all believe?\" 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 Time and Money argues persuasively that the troubles which characterise modern capital-intensive economies, particularly the episodes of boom and bust, may best be analysed with the aid of a capital-based macroeconomics. The primary focus of this volume is the intertemporal structure of capital, an area that has until now been neglected in favor of labor and money-based macroeconomics.