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This paper critiques the Keynesian liquidity trap from an Austrian perspective. The liquidity trap theory argues that … major problem in the theory is that it concentrates on the loan interest rate instead of the price spread in the structure …
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Roger Garrison has played a key role in advancing ideas in Austrian macroeconomics throughout his career. As contributors to this symposium, we discuss a number of “Garrisonian wisdoms” that have provided important lessons for economists in navigating a “middle ground” and seeking...
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This Handbook looks through the lens of the latest generation of scholars at the main propositions believed by so-called "Austrians". Each contributing author addresses key tenets of the school of thought, and outlines its ongoing contribution to economics and to the social sciences
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The authors offer perspective on the world financial crisis. Specifically, they claim it was a perfect storm of policy errors that caused the housing bubble and then perpetuated the recovery period into an over-extended recession
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Mainstream macroeconomic theory understands the economy as a phenomenon tractable by analysis adequately enough to be …
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