- The idea for this book came about because of my inability to find a book like this.
- When I taught Principles of Macroeconomics in the past, I was always compelled to assign a collection of outside readings to supplement my lectures because Austrian business cycle theory isn’t covered or taught by the mainstream textbook writers.
- This short book, a product of my lectures, is designed to fill this long-standing gap at last.
- Austrian economists argue that macroeconomics must be built upon microeconomic foundations.
- Once we understand how the smaller parts of an economy work together can we begin to understand how the larger system works.
- In this book I construct a model to illustrate macroeconomics from an Austrian perspective.
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.
Originally Posted at https://mises.org/
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