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Microfoundations and macroeconomics: 20 years

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  • Nicolás Cachanosky

    (Metropolitan State University of Denver)

Abstract

This paper summarizes Horwitz’s contributions in Microfoundations and Macroeconomics: An Austrian Perspective and evaluates its connection with recent contributions in Austrian macroeconomics. The paper emphasizes the connection between relative price, monetary equilibrium, and monetary policy. The paper pays particular attention to the implications of Horwitz’s denomination of capital theory as a “missing link” in economic theory.

Suggested Citation

  • Nicolás Cachanosky, 2021. "Microfoundations and macroeconomics: 20 years," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 34(2), pages 279-288, June.
    • Handle: RePEc:kap:revaec:v:34:y:2021:i:2:d:10.1007_s11138-020-00500-1
    DOI: 10.1007/s11138-020-00500-1
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    References listed on IDEAS

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