WP: Microfoundations and Macroeconomics (20 Years)

Se cumplen 20 años de la publicación de Microfundations and Macreconomics: An Austrian Persepctive the Steven G. Horwitz. Debajo mis reflexiones para un symposio sobre el libro organizado por The Review of Austrian Economics.


This paper summarizes Horwitz’s contributions in Microfoundations 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.

Acceder al borrador del paper en SSRN.