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  • Roger W. Garrison

Roger W. Garrison

Works Published inQuarterly Journal of Austrian EconomicsThe Free MarketReview of Austrian Economics, Volumes 1-10Austrian Economics NewsletterArticles of InterestSpeeches and PresentationsMises Daily ArticleThe Journal of Libertarian Studies

Roger W. Garrison received his doctorate degree from the University of Virginia in 1981. He is now Emeritus Professor of Economics at Auburn University in Alabama, where he taught Macroeconomics and History of Economic Thought (among other courses) from 1978 to 2012. He was a Post Doc Fellow at New York University in 1981. He was winner of the Smith Prize in Austrian Economics in 2001 for his book Time and Money: The Macroeconomics of Capital Structure. In 2003 he was named First Hayek Visiting Scholar at the London School of Economics, where he delivered LSE’s First Memorial Hayek Lecture. He served as President of the Society for the Development of Austrian Economics in 2004. His Austrian-oriented writings have appeared in Economic Inquiry, Journal of Macroeconomics, History of Political Economy, Journal of Economic Education, Independent Review, Cato Journal, Journal of Austrian Economics, and in a number of conference volumes and reference volumes. Most recently, his invited chapter titled “Friedman and the Austrians” appears in Robert A. Cord and J. Daniel Hammond, eds., Milton Friedman: Contributions to Economics and Public Policy, Oxford University Press, 2016. 

Roger Garrison is professor emeritus of economics at Auburn University and Associated Scholar of the Mises Institute.

See his web page. Send him mail.

Recent Publications (2012–2016)

Earlier Publications (1979–2012) can be accessed through www.auburn.edu/~garriro.

Garrison, Roger W., “Friedman and the Austrians,” in Robert A. Cord and J, Daniel Hammond, eds., Milton Friedman: Contributions to Economics and Public Policy, Oxford University Press, 2016 (forthcoming).

Garrison, Roger W., “Cycles and Slumps in an Overly Aggregated Theoretical Framework,” in Steven Kates, ed., What’s Wrong with Keynesian Economics, Edward Elgar, Cheltenham, UK, 2016 (forthcoming).

Garrison, Roger W., Review of Randall G. Holcombe, “Advanced Introduction to the Austrian School of Economics, Journal of Economic Literature, 2015 (vol. 53, no. 1): 119-–21.

Garrison, Roger W. and Norman Barry, eds. 2014), Elgar Companion to Hayekian Economics, Edward Elgar, Cheltenham, UK (2014).

Garrison, Roger W., Review Essay: “Alchemy Leveraged: The Federal Reserve and Modern Finance,” Kevin Dowd and Martin Hutchinson’s Alchemists of Loss: How Modern Finance and Government Regulation Crashed the Financial System, The Independent Review, 2012 (vol. 16, no. 3): 435–51.

Garrison, Roger W., “Natural Rates of Interest and Sustainable Growth,” The Cato Journal, 2012 (vol. 32, no. 2): 423–37.

Time and Money: The Macroeconomics of Capital Structure, by Roger W. Garrison

07/01/2001Mises Review
Roger Garrison's long-awaited book compares and contrasts Austrian business cycle theory with a number of other approaches, including Monetarism, New Classicism, and New Keynesianism;
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Austrian Macroeconomics: A Diagrammatical Exposition

Business CyclesCapital and Interest TheoryMonetary Theory

01/08/1978Books
Here we have a graphical presentation that explains the Austrian view of macroeconomics in contrast to the simple and even simple-minded approach of the Keynesian aggregates.
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All Works

Natural and Neutral Rates of Interest in Theory and Policy Formulation

Capital and Interest Theory

12/08/2021Quarterly Journal of Austrian Economics
The so-called art of central banking lies in picking the "right" target interest rate. But, there's no way to know the "correct" rate without giving markets freedom from central bankers.
Formats

qjae9_4_6.pdf

PDF icon PDF (53.53 KB)
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A Critique of Rational Expectations, Monetarism, and Supply Sidism

Other Schools of Thought

12/20/2019Mises Media
Presented at the Mises Institute's "First Annual Advanced Instructional Conference in Austrian Economics" at Stanford University.
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The Pure Time Preference Theory of Interest Rates

Austrian Economics OverviewCapital and Interest Theory

12/20/2019Mises Media
Presented at the Mises Institute's "First Annual Advanced Instructional Conference in Austrian Economics" at Stanford University.
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How the Federal Reserve Fuels the Growth of the State

The Fed

11/04/2019Mises Media
Presented at Jekyll Island, Georgia, in September 1986.
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Natural and Neutral Rates of Interest in Theory and Policy Formulation

Capital and Interest TheoryHistory of the Austrian School of EconomicsProduction Theory

03/13/2019Mises Daily Articles
The so-called "art of central banking" lies in picking the "right" target interest rate. But, there's no way to know the "correct" rate without giving markets freedom from central bankers.
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