Beginning no later than Mises’s The Theory of Money and Credit in 1912, the causes and consequences of inflation have been a central concern of the Austrian School of Economics. Unfortunately, that has meant relatively few analyses of the problems of deflation from a distinctly Austrian...

In the past, Austrian economics has been seen as almost exclusively focused on microeconomics. Here,<STRONG>Steven Horwitz</STRONG> constructs a systematic presentation of what Austrian macroeconomics would look like. This original and highly accessible work will be of great value and interest to professional...</strong>