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Rethinking Time and Money at the Beginning of the 21st Century

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Tags Business CyclesCapital and Interest Theory

07/30/2014Ludwig Van den Hauwe
 

Volume 4, No. 3 (Fall 2001)

 

According to this writer Garrison’s Time and Money is precisely what it purports to be: an exercise in comparative frameworks. Even if it should be recognized that the comparison of different theoretical traditions within a unified graphical and conceptual—framework may require a number of concessions that are not without drawbacks—in the sense that one or more of the theories thus compared may come out of the exercise more or less mutilated —there can be no doubt that Garrison’s endeavor must be considered a success. The foundation has now been laid not only for renewed and fruitful discussion with different and related schools of thought at the highest level of scholarly debate—an event without its equal since the Hayek-Keynes debate during the first half of the last century—but also for further research along Austrian School lines.

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Van den Hauwe, Ludwig. "Rethinking Time and Money at the Beginnings of the 21st Century." The Quarterly Journal of Austrian Economics 4, No. 3 (Fall 2001): 79–92