----------------- 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 ------------ FOOTER TO HES POSTING ------------ For information, send the message "info HES" to [log in to unmask]