Quarterly Journal of Austrian Economics

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Money, Prices, and Capital: An Austrian Approach to Macroeconomics

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Tags Capital and Interest TheoryMonetary TheoryPrices

07/30/2014William N. Butos

 

Volume 9, No. 4 (Winter 2006)

 

Austrians frequently lament the absence of an Austrian undergraduate money-macro curriculum, especially at the intermediate level. This is ironic in that a large body of work currently exists, both from “the masters” and more recent researchers that provides the essential theoretical underpinnings and historical and empirical analysis from which to mount a coherent Austrian macro course suitable for second or third year students. Unfortunately, that literature generally presupposes significant background knowledge in Austrian economics and thus does not ordinarily serve as a suitable platform upon which to build an intermediate money-macro course. Butos suggests all the components for such a course are in hand save one: an intermediate macro text appropriate for classroom use.

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Contact William N. Butos

William N. Butos is the George M. Ferris Professor of Corporation Finance and Investments in the Department of Economics at Trinity College, Connecticut.

Cite This Article

Butos, William N. "Money, Prices, and Capital: An Austrian Approach to Macroeconomics." The Quarterly Journal of Austrian Economics 9, No. 4 (Winter 2006): 5–19.

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