Macroeconomics

Macroeconomics PDF Author: Kenneth Long
Publisher:
ISBN: 9781500655051
Category :
Languages : en
Pages : 352

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Book Description
Austrian Economics Press is devoted to educating college students in economic principles while comparing and contrasting Austrian and Keynesian economic thought. Macroeconomics - Austrians vs. Keynesians presents the economic principles typically taught in a Principles of Macroeconomics college course. The book comes with an extensive test bank and PowerPoint slides. Each chapter has about 20 practice quiz questions with explanations, a summary of key concepts, and Food for Thought questions. A complete set of additional resources can be downloaded from http://www.austrianeconomicspress.us. If you are a professor and you wish to preview the test bank, email Austrian Economics Press at [email protected] (please use your college email) and we will send you the test bank as a Word document or a Blackboard file.

Macroeconomics

Macroeconomics PDF Author: Kenneth Long
Publisher:
ISBN: 9781500655051
Category :
Languages : en
Pages : 352

Get Book Here

Book Description
Austrian Economics Press is devoted to educating college students in economic principles while comparing and contrasting Austrian and Keynesian economic thought. Macroeconomics - Austrians vs. Keynesians presents the economic principles typically taught in a Principles of Macroeconomics college course. The book comes with an extensive test bank and PowerPoint slides. Each chapter has about 20 practice quiz questions with explanations, a summary of key concepts, and Food for Thought questions. A complete set of additional resources can be downloaded from http://www.austrianeconomicspress.us. If you are a professor and you wish to preview the test bank, email Austrian Economics Press at [email protected] (please use your college email) and we will send you the test bank as a Word document or a Blackboard file.

Ron Paul Vs. Paul Krugman

Ron Paul Vs. Paul Krugman PDF Author: Jeremy R. Hammond
Publisher: CreateSpace
ISBN: 9781470070724
Category : Business & Economics
Languages : en
Pages : 104

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Book Description
Why do modern economies go through the “business cycle” of booms and busts? What caused the U.S. housing bubble that precipitated the financial crisis? Who correctly predicted it and who should we listen to for wisdom moving forward? Ron Paul vs. Paul Krugman is an examination of the root cause of the crisis as seen through the eyes of two prominent commentators on the subject, each representing a different school of economic thought. Congressman and presidential candidate Ron Paul is today perhaps the most visible proponent of the Austrian school, whose luminaries include Ludwig von Mises and Nobel Prize-winning economist Friedrich A. Hayek. Nobel Prize-winning economist and New York Times columnist Paul Krugman is today perhaps the most well-known voice for the Keynesian school, whose adherents espouse the theories of British economist John Maynard Keynes.A comparative analysis of these two schools of economic thought as applied to the financial crisis and as promulgated through the views of Ron Paul and Paul Krugman is instructive. Whose school offered more explanatory and predictive power? Whose diagnosis and prescriptions have been better suited to deal with the problem? Who should we listen to now?

The Oxford Handbook of Austrian Economics

The Oxford Handbook of Austrian Economics PDF Author: Peter J. Boettke
Publisher:
ISBN: 0199811768
Category : Business & Economics
Languages : en
Pages : 833

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Book Description
The Austrian School of Economics is an intellectual tradition in economics and political economy dating back to Carl Menger in the late-19th century. Menger stressed the subjective nature of value in the individual decision calculus. Individual choices are indeed made on the margin, but the evaluations of rank ordering of ends sought in the act of choice are subjective to individual chooser. For Menger, the economic calculus was about scarce means being deployed to pursue an individual's highest valued ends. The act of choice is guided by subjective assessments of the individual, and is open ended as the individual is constantly discovering what ends to pursue, and learning the most effective way to use the means available to satisfy those ends. This school of economic thinking spread outside of Austria to the rest of Europe and the United States in the early-20th century and continued to develop and gain followers, establishing itself as a major stream of heterodox economics. The Oxford Handbook of Austrian Economics provides an overview of this school and its theories. The various contributions discussed in this book all reflect a tension between the Austrian School's orthodox argumentative structure (rational choice and invisible hand) and its addressing of a heterodox problem situations (uncertainty, differential knowledge, ceaseless change). The Austrian economists from the founders to today seek to derive the invisible hand theorem from the rational choice postulate via institutional analysis in a persistent and consistent manner. Scholars and students working in the field of History of Economic Thought, those following heterodox approaches, and those both familiar with the Austrian School or looking to learn more will find much to learn in this comprehensive volume.

Austrian Economics

Austrian Economics PDF Author: Steven Horwitz
Publisher: Cato Institute
ISBN: 1948647966
Category : Business & Economics
Languages : en
Pages : 167

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Book Description
What if economics began with people? Choice is an essential feature of the human condition. Every time we embark on a given plan of action, big or small, we make a choice. Whereas many economists model people’s behavior using idealized assumptions, economists of the Austrian School don’t. The Austrian School of Economics takes people as they are and constructs economic theories by examining the logical structure of the choices they make. Austrian Economics: An Introduction book explains the Austrian School’s insights on a wide range of economic topics and introduces some of its key thinkers. It also explains the relationship between the Austrian School and mainstream economics and delves into the criticisms that Austrian School economists have mounted against communist and socialist economic thought.

Austrian School of Economics: A History of Its Ideas, Ambassadors, and Institutions

Austrian School of Economics: A History of Its Ideas, Ambassadors, and Institutions PDF Author:
Publisher: Ludwig von Mises Institute
ISBN: 1610164989
Category :
Languages : en
Pages : 262

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Book Description


The Skyscraper Curse

The Skyscraper Curse PDF Author: Mark Thornton
Publisher: Ludwig von Mises Institute
ISBN: 1610166884
Category : Business & Economics
Languages : en
Pages : 310

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Book Description
The Skyscraper Curse is Dr. Mark Thornton's definitive work on booms and busts, and it explains why only Austrian economists really understand them. It makes business cycle theory accessible to a whole new 21st-century audience. And they need it, especially those under 40. Many of the brilliant quants working on Wall Street and at the Fed barely remember the Crash of 2008, much less understand it. But Mark Thornton does, and his book is a warning about overheated equity markets, over-inflated housing prices, and clueless central bankers. Given the shaky stock markets lately, 2018 may be the year the Fed’s latest bubble bursts. And when it does, it will be even more painful than 10 years ago. In fact, US household and business debt is now one trillion dollars higher than 2008. Mark is well known as an expert on bubbles and Fed malfeasance. His work appears in outlets like Wall Street Journal, Bloomberg, Forbes, The Economist, Barron’s, and Investor’s Business Daily. His now-infamous Skyscraper Index theory draws the connection between loose monetary policy, artificially low interest rates, and vanity construction projects. Put the three together and it doesn’t turn out well. And let’s not forget that Dr. Thornton was among only a handful of economists to warn about the dangerous housing bubble in 2004, and again in 2006. Cabbies and waiters bought up condos with no money down in places like Las Vegas. Prices rose 25 percent or more every year in some coastal markets. Even people with terrible credit financed houses at five or seven times their annual income. All of it was made possible by the Fed and its mania for low interest rates. So when the experts said “Nobody could have seen this coming,” the Mises Institute had Mark’s articles and papers ready to go. The housing crash, and the meltdown in equity markets less than a year later, were thoroughly explained by Austrian business cycle theory. And Mark was the capable face of the Mises Institute during it all. Without a lay-friendly book like The Skyscraper Curse, millions more Americans will be duped by the next crash. Dr. Thornton’s book tells the story that needs to be told. It will be among the only alternative explanations available when the next crisis comes.

Keynes Hayek: The Clash that Defined Modern Economics

Keynes Hayek: The Clash that Defined Modern Economics PDF Author: Nicholas Wapshott
Publisher: W. W. Norton & Company
ISBN: 039308311X
Category : Business & Economics
Languages : en
Pages : 423

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Book Description
“I defy anybody—Keynesian, Hayekian, or uncommitted—to read [Wapshott’s] work and not learn something new.”—John Cassidy, The New Yorker As the stock market crash of 1929 plunged the world into turmoil, two men emerged with competing claims on how to restore balance to economies gone awry. John Maynard Keynes, the mercurial Cambridge economist, believed that government had a duty to spend when others would not. He met his opposite in a little-known Austrian economics professor, Freidrich Hayek, who considered attempts to intervene both pointless and potentially dangerous. The battle lines thus drawn, Keynesian economics would dominate for decades and coincide with an era of unprecedented prosperity, but conservative economists and political leaders would eventually embrace and execute Hayek's contrary vision. From their first face-to-face encounter to the heated arguments between their ardent disciples, Nicholas Wapshott here unearths the contemporary relevance of Keynes and Hayek, as present-day arguments over the virtues of the free market and government intervention rage with the same ferocity as they did in the 1930s.

Austrian Economics

Austrian Economics PDF Author: Eamonn Butler
Publisher:
ISBN: 9781999517533
Category :
Languages : en
Pages : 128

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Book Description


Austrian Macroeconomics: A Diagrammatical Exposition

Austrian Macroeconomics: A Diagrammatical Exposition PDF Author: Roger W. Garrison
Publisher: Ludwig von Mises Institute
ISBN: 1610162951
Category :
Languages : en
Pages : 45

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Book Description


What You Should Know about Inflation

What You Should Know about Inflation PDF Author: Henry Hazlitt
Publisher: Ludwig von Mises Institute
ISBN: 1610162811
Category : Inflation (Finance)
Languages : en
Pages : 162

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Book Description