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Roger W. Garrison

Works Published inThe Journal of Libertarian StudiesQuarterly Journal of Austrian EconomicsThe Free MarketReview of Austrian Economics, Volumes 1-10Austrian Economics NewsletterSpeeches and PresentationsMises Daily ArticleArticles of Interest

Roger W. Garrison received his doctorate degree from the University of Virginia in 1981. He is now Emeritus Professor of Economics at Auburn University in Alabama, where he taught Macroeconomics and History of Economic Thought (among other courses) from 1978 to 2012. He was a Post Doc Fellow at New York University in 1981. He was winner of the Smith Prize in Austrian Economics in 2001 for his book Time and Money: The Macroeconomics of Capital Structure. In 2003 he was named First Hayek Visiting Scholar at the London School of Economics, where he delivered LSE’s First Memorial Hayek Lecture. He served as President of the Society for the Development of Austrian Economics in 2004. His Austrian-oriented writings have appeared in Economic Inquiry, Journal of Macroeconomics, History of Political Economy, Journal of Economic Education, Independent Review, Cato Journal, Journal of Austrian Economics, and in a number of conference volumes and reference volumes. Most recently, his invited chapter titled “Friedman and the Austrians” appears in Robert A. Cord and J. Daniel Hammond, eds., Milton Friedman: Contributions to Economics and Public Policy, Oxford University Press, 2016. 

Roger Garrison is professor emeritus of economics at Auburn University and Associated Scholar of the Mises Institute.

See his web page. Send him mail.

Recent Publications (2012–2016)

Earlier Publications (1979–2012) can be accessed through

Garrison, Roger W., “Friedman and the Austrians,” in Robert A. Cord and J, Daniel Hammond, eds., Milton Friedman: Contributions to Economics and Public Policy, Oxford University Press, 2016 (forthcoming).

Garrison, Roger W., “Cycles and Slumps in an Overly Aggregated Theoretical Framework,” in Steven Kates, ed., What’s Wrong with Keynesian Economics, Edward Elgar, Cheltenham, UK, 2016 (forthcoming).

Garrison, Roger W., Review of Randall G. Holcombe, “Advanced Introduction to the Austrian School of Economics, Journal of Economic Literature, 2015 (vol. 53, no. 1): 119-–21.

Garrison, Roger W. and Norman Barry, eds. 2014), Elgar Companion to Hayekian Economics, Edward Elgar, Cheltenham, UK (2014).

Garrison, Roger W., Review Essay: “Alchemy Leveraged: The Federal Reserve and Modern Finance,” Kevin Dowd and Martin Hutchinson’s Alchemists of Loss: How Modern Finance and Government Regulation Crashed the Financial System, The Independent Review, 2012 (vol. 16, no. 3): 435–51.

Garrison, Roger W., “Natural Rates of Interest and Sustainable Growth,” The Cato Journal, 2012 (vol. 32, no. 2): 423–37.

Time and Money: The Macroeconomics of Capital Structure, by Roger W. Garrison

07/01/2001Mises Review
Roger Garrison's long-awaited book compares and contrasts Austrian business cycle theory with a number of other approaches, including Monetarism, New Classicism, and New Keynesianism;
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Austrian Macroeconomics: A Diagrammatical Exposition

Ciclos EconómicosTeoría del Capital y el InterésTeoría Monetaria

Here we have a graphical presentation that explains the Austrian view of macroeconomics in contrast to the simple and even simple-minded approach of the Keynesian aggregates.
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Tasas de interés naturales y neutrales en la teoría y formulación de políticas

Teoría del Capital y el Interés

03/15/2019Quarterly Journal of Austrian Economics
El llamado «arte de la banca central» reside en elegir la tasa de interés objetivo «correcta». Pero, no hay manera de saber la tasa «correcta» sin dar a los mercados la libertad de los bancos centrales.


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El absurdo de la economía keynesiana

Gran GobiernoHistoria de EEUUOtras Escuelas de Pensamiento

Hay una buena razón para estudiar keynesianismo: Nos ayuda a entender qué es probable que hagan los cargos públicos en cualquier circunstancia.
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