Quarterly Journal of Austrian Economics
Author:
Adrián Osvaldo Ravier
Online Publish Date:
Volume 14, Number 3 (Fall 2011) The objective of this article is to present an extension of Garrison’s captial-based macroeconomics” model. Garrison’s objective was ― starting from a full employment equilibrium situation ― to build a model that provides insight into the causes of crisis and depression. We offer ― starting from an unemployment