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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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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.