Quarterly Journal of Austrian Economics

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Capital, Credit, and the Medium Run

The Quarterly Journal of Austrian Economics

Tags Business CyclesCapital and Interest Theory

07/30/2014Larry J. Sechrest

Volume 4, No. 3 (Fall 2001)


Time and Money is a multifaceted achievement. Within its pages the reader will encounter business cycle theory, capital theory, comparative economic thought, and many contemporary macroeconomic topics, as well as the tools needed to convey all of it to university students. Academic economists, regardless of school of thought, should welcome this book. It is lucidly written and well-organized, and every page reflects the years of thought that Garrison has devoted to these subjects. One manifestation of this is the fact that throughout the book he successfully navigates between the Scylla of pedagogical simplicity and the Charybdis of theoretical complexity. The net result has just the right proportions of the two.


Larry J. Sechrest

Larry Sechrest (1946–2008) was professor of economics at Sul Ross University, adjunct scholar of the Mises Institute, and author of Free Banking: Theory and History of a Laissez-Faire Model.

Cite This Article

Sechrest, Larry J. "Capital, Credit, and the Medium Run." The Quarterly Journal of Austrian Economics.4, No. 3 (Fall 2001): 63-77