Microfoundations and Macroeconomics: 20 Years
The Review of Austrian Economics, Forthcoming
21 Pages Posted: 1 May 2020 Last revised: 22 Sep 2020
Date Written: April 5, 2020
This paper summarizes Horwitz's contributions in Micro-foundations 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.
Keywords: Micro-foundations, Capital Theory, Monetary Equilibrium
JEL Classification: B53, E14, E30, E50
Suggested Citation: Suggested Citation