Re: Macroeconomy and Austrian views

jimmy — Sun, 22 Mar 2009 02:09:30 GMT

Garrison's work is excellent and, particularly for those who perhaps have a more traditional background in Economics (e.g. studied it at school or university) I think Garrison does and excellent job of communicating the differences between Austrian and Chicago School or Keynesian economics (which Garrison has clearly spent a great deal of time studying). Essentially this comes down the Austrian Capital Theory.

I'm presuming you're talking about Garrison's Capitalism... if that's the case then I haven't read it but I've only heard good things about it. I've gone through his Time and Money lectures, listened to a number of MP3s of his classes and read a whole stack of his articles in the Mises Daily blogs and Garrison is awesome... You can't go wrong with Capitalism.

By the way, is this the first book you were thinking of reading on Austrian Economics? If so then I might recommend starting with something like Economics for Real People or Economics in One Lesson first (probably the earlier - the later is awesome but doesn't necesarily give such a good overview of Austrian thought).

Macroeconomy and Austrian views

Mibu Clan — Sat, 21 Mar 2009 23:09:46 GMT

So I was reading the interview of Roger W. Garrison whom published his own thoughts, and a theory of Austrian Macroeconomics.

From the very few I have read, it seems clear that the Austrian thought is directed entirely into micro analysis, for whom better than the industries themselves to assess and conjure results... I believe this is quite valid (and makes sense)

So I come to question your guys opinions on this guy's book (if have ever read him or anything) and the development of a macro theory on Austrian thought, as a tool for understanding some dynamics.

I can say that I am only a beginner, but I read and like the preference of a school devoted to essentially the underlying value as the principle of the entire theory, and that is individual freedom.

Anyways, thanks for replies

Economics Questions

Re: Macroeconomy and Austrian views

Macroeconomy and Austrian views