Microfoundations and macroeconomics: 20 years

Nicolas Cachanosky

The Review of Austrian Economics, 2021, vol. 34, issue 2, No 5, 279-288

Abstract: Abstract This paper summarizes Horwitz’s contributions in Microfoundations and Macroeconomics: An Austrian Perspective and evaluates its connection with recent contributions in Austrian macroeconomics. The paper emphasizes the connection between relative price, monetary equilibrium, and monetary policy. The paper pays particular attention to the implications of Horwitz’s denomination of capital theory as a “missing link” in economic theory.

Keywords: Microfoundations; Capital theory; Monetary equilibrium; B53; E14; E30; E50 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/s11138-020-00500-1

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