Mises Daily
Author:
Xavier Méra
Online Publish Date:
[ The Economics of Money, Banking and Financial Markets • By Frederic S. Mishkin • Prentice and “simpler analysis.” But what about their validity? Is the whole purpose of economic theorizing not to grasp the truth on the subject matter, or, if one accepts that a particular state of the overall economy (business-cycle expansion or wealth growth) determines demand and therefore partly determines interest, not the other way