Two Paths Forward for Austrian Macroeconomics

AIER Sound Money Project, Working Paper No. 2020-11

19 Pages Posted: 5 May 2020 Last revised: 22 Sep 2020

See all articles by William J. Luther

William J. Luther

Florida Atlantic University; American Institute for Economic Research

Date Written: April 7, 2020

Abstract

Twenty years ago, two scholars published important books on the subject of Austrian macroeconomic theory. Each offered a somewhat distinct approach. And, as much as it was the case when these two works were published twenty years ago, Austrian macroeconomists find themselves with two potential paths forward today. On the one hand, they might stress the temporal structure of production, while incorporating insights from finance. On the other, they might take a more general approach to capital specificity, while deviating from more mainstream economic models only insofar as is essential to preserve a uniquely Austrian view.

Keywords: Austrian; business cycle; macroeconomics

JEL Classification: B53, E3

Suggested Citation

Luther, William J., Two Paths Forward for Austrian Macroeconomics (April 7, 2020). AIER Sound Money Project, Working Paper No. 2020-11, Available at SSRN: https://ssrn.com/abstract=3570869

William J. Luther (Contact Author)

Florida Atlantic University ( email )

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Boca Raton, FL 33431
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HOME PAGE: http://www.wluther.com

American Institute for Economic Research ( email )

PO Box 1000
Great Barrington, MA 01230
United States

HOME PAGE: http://www.aier.org/staff/william-j-luther

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