Time and Money: The Macroeconomics of Capital Structure

by Roger W. Garrison

Time and Money argues persuasively that the troubles which characterise modern capital-intensive economies, particularly the episodes of boom and bust, may best be analysed with the aid of a capital-based macroeconomics.

Genres: Economics, Finance, Business

292 pages, Paperback

First published October 19, 2000

About the author

Roger Garrison is an Austrian School macroeconomist. He received his PhD in economics from University of Virginia and is a professor at Auburn University.

Reviews

[Pedro Almeida Jorge · Rating 5 out of 5]

Possibly the most insightful economics book I've ever read [as at 2016] A very honest and clear approach, that I would recommend to EVERY economics student, regardless of his political views.
Mr Garrison's insights on Keynes and the nature of macro inefficiencies help us understand Keynes's point on hoarding and secular stagnation.
Furthermore, in the end, the Austrian Theory still manages to win the day, in the author's perspective, so there's really not much that could improve this reading!

5/5

[Luca Marco · Rating 5 out of 5]

Excelente libro. No conozco ninguna otra obra austriaca que exponga con tanta claridad y comprensión los marcos de estudio de la macroeconomía austriaca, keynesiana y monetarista. No solo los expone sino que aclara las similitudes y las diferencias de cada teoría

[Илья Дескулин · Rating 4 out of 5]

It seems to me since Keynes economists have been going round and round trying to analyze separate aspects of economics and overemphasize their importance. Finally, we are going back to normal. Garrison's book is the real "General Theory of Employment, Interest and Money" in this regard. I wish the author could write a similar but simpler book for a wider audience.

[David Aguilar · Rating 5 out of 5]

Un buen libro para entender la macro y sobre todo los errores de Keynes, la relación monetarismo-austriacos y la marco austriaca en concreto. Que hubiera planes de estudios en economía con esto sería muy beneficioso para nuestra ciencia.

[Jason · Rating 5 out of 5]

One of the best economics books