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Capital-based Macroeconomics

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My dear old friend, fellow Atlanta Braves fan, and mentor Roger Garrison – from whom I’ve learned more macroeconomics than I’ve learned from anyone else – discusses in this hour-long lecture, from last summer, the Austrian theory of the business cycle capital-based macroeconomics.  (HT Art Carden [2])

I recommend to those of you with at least at bit of formal training in economics – and highly recommend to those of you with a great deal of formal training in economics (because you, especially, likely are in dire need of a healthy dose of reality-based macroeconomics) – Roger’s 2001 book, Time and Money [3].

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