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The "Values-Riches" Model: An Alternative to Garrison's Model in the Austrian Macroeconomics of Growth and Cycle

  • The Quarterly Journal of Austrian Economics

Tags Capital and Interest Theory

 

Volume 8, No. 2 (Summer 2005)

 

The “values-riches” model, on the other hand, seeks to display the relations between the great macroeconomic nominal variables (“values”) and the flows of quantities of consumer goods (“riches”). The two models are therefore to some extent complementary, offering two different viewpoints on the production process. But there are also a number of theoretical disagreements between them, specially about the theory of interest, that must not be overlooked and will be pointed out in this paper.

 

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Cite This Article

Fillieule, Renaud. "The "Values-Riches" Model: An Alternative to Garrison's Model in the Austrian Macroeconomics of Growth and Cycle." The Quarterly Journal of Austrian Economics 8, No. 2 (Summer 2005): 3–19.