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Date: | Fri Mar 31 17:18:20 2006 |
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----------------- HES POSTING -----------------
On-line Seminar -- the Hayek-L Email List
Roger Garrison on _Time and Money:
The Macroeconomics of Capital Structure_
May 5 - May 14
"Boom and Bust in a Hayekian Framework"
Roger Garrison will be hosting a seminar on his recent book _Time and
Money: The Macroeconomics of Capital Structure_ between Saturday May 5 and
Monday May 14 on the Hayek-L email list.
_Time and Money: The Macroeconomics of Capital Structure_
TABLE OF CONTENTS:
Part I
1: The Macroeconomics of Capital Structure
2: An Agenda for Macroeconomics
Part II
3: Capital-based Macroeconomics
4: Sustainable and Unsustainable Growth
5: Fiscal and Regulatory Issues
6: Risk, Debt and Bubbles: Variation on a Theme
Part III
7: Labour-based Macroeconomics
8: Cyclical Unemployment and Policy Prescription
9: Secular Unemployment and Social Reform
Part IV
10: Boom and Bust in the Monetarists Vision
11: Monetary Disequilibrium Theory
Part V
12: Macroeconomics: Taxonomy and Perspective
>From the publisher:
"It is increasingly recognized that the weakness in modern macroeconomics
theorizing is the lack of any real coupling of short- and long-run aspects
of the market process. In the short run, the investment and consumption
magnitudes
move in the same direction, either both downward into recession or both
upward toward full employment and even beyond in an inflationary spiral.
But for a given period and with a given technology, any change in the
economy's growth rate must entail consumption and investment magnitudes
that move, initially, in opposition to one another.
Roger Garrison claims that modern Austrian macroeconomics, which builds on
the early writings of F.A. Hayek, can be comprehended as an effort to
reinstate the capital-theory core that allows for a real coupling of short-
and long-run
perspectives. Although the macroeconomic relationships identified are
largely complementary to the relationships that have dominated the thinking
of macroeconomists for the past half century, _Time and Money_ presents a
fundamental challenge to modern theorists and practitioners who overdraw
the short-run/long-run distinction. The primary focus of this text is the
intertemporal structure of capital and the associated set of issues that
have long been neglected in the more conventional labor- and money-based
macroeconomics. This volume puts forth a persuasive argument that the
troubles that characterize modern capital-intensive economies, particularly
the episodes of boom and bust, may best be analyzed with the aid of a
capital-based macroeconomics."
Roger Garrrison is Professor of Economics at Auburn University.
Roger Garrison's address is:
Roger Garrison
Department of Economics
Auburn University
Auburn, Alabama 36849 USA
[log in to unmask]
Garrison's web site is at:
http://www.auburn.edu/~garriro/
Information on the Hayek-L email list, along with information on past
Hayek-L seminars can be found at the Hayek-L email list web page, on the
web at:
http://www.hayekcenter.org/hayek-l/hayek-l.html
Those who wish to participate in the seminar may subscribe to the Hayek-L
email list thru the Hayek-L web site, or by sending the message:
subscribe Hayek-L <yourfirstname> <yourlastname>
to: [log in to unmask]
If you have any questions about the Hayek-L list or the Garrison seminar,
please send a message directly to:
[log in to unmask]
Greg Ransom
Hayek-L list owner
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