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Microfoundations and Macroeconomics: An Austrian Perspective 1st Edition
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-Gene Callahan, "Ideas on Liberty
About the Author
Top Customer Reviews
Horwitz analyzes inflation and also deflation, focuses on how changes in money affect capital at a macroeconomic level. He illustrates how fractional reserve free banking fits into macroeconomics - mainly by showing how laissez faire in banking would avoid many of the pitfalls of regulated or central banking.
Horwitz's summary and appraisal of William H. Hutt's work on price rigidities is another reason to recommend this book.