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The Microeconomic Foundations of Macroeconomic Disorder: An Austrian Perspective on the Great Recession of 2008

In: Macroeconomic Theory and its Failings

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  • Steven Horwitz

Abstract

This innovative book focuses on the current global financial crisis and the inadequacies of the economic theories being used to guide policy. In so doing, it tackles the economic theories that have been used firstly to understand its causes and thereafter to contain the damage it has brought.

Suggested Citation

  • Steven Horwitz, 2010. "The Microeconomic Foundations of Macroeconomic Disorder: An Austrian Perspective on the Great Recession of 2008," Chapters, in: Steven Kates (ed.), Macroeconomic Theory and its Failings, chapter 6, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13728_6
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    References listed on IDEAS

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    1. Higgs, Robert, 2006. "Depression, War, and Cold War: Studies in Political Economy," OUP Catalogue, Oxford University Press, number 9780195182927.
    2. Israel M. Kirzner, 1997. "Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 60-85, March.
    3. Hayek, F. A., . "Money, Capital, and Fluctuations," University of Chicago Press Economics Books, University of Chicago Press, number 9780226321271 edited by McCloughry, R. K., September.
    4. Hayek, F. A., 1995. "Contra Keynes and Cambridge," University of Chicago Press Economics Books, University of Chicago Press, number 9780226320656 edited by Caldwell, Bruce, September.
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