Capital and Interest Theory

Hayek is seen as one of the main opponents of Keynes because of the debate about macroeconomics that they had in the early thirties. 

Professor Garrison’s work in Austrian macroeconomics over the past twenty-plus years has been most influential. Time and Money and its detailed development of a capital-based macroeconomics

The “values-riches” model, on the other hand, seeks to display the relations between the great macroeconomic nominal variables (“values”) and the flows of quantities of consumer goods (“riches”).

The present paper aims at showing that two particular types of arguments in favor of the pure time preference theory of interest (PTPTI) are mistaken. 

I would like to emphasize two implications of my argument.  First, the concept of secular growth as an uncaused phenomenon contradicts the Mengerian method of analyzing 

In this paper, Antony Flew discusses Marx and Engels, Adam Smith, and social science.

Volume 8, Number 2 (1987)

This paper represents the initial phase of a larger study which will present the outline of an analytical model of the structure and dynamics of th

This paper contends that Adam Smith meant what he said; human nature is ennobled by the cultivation of its lands, the advancement of its manufactur

The present article is a slightly expanded version of one of the critiques of Professor Laurence S.

Bankruptcy law is a system of interventionary legislation which interferes with the ability of individuals freely to establish the terms of loan co