Microfoundations and Macroeconomics: An Austrian Perspective by Steven Horwitz

Microfoundations and Macroeconomics: An Austrian Perspective by Steven Horwitz 364 BOOK REVIEWS Steven Horwitz, (2000) Microfoundations and Macroeconomics: An Austrian Perspective. London: Routledge, pp. xii, 276. Austrians stand in a difficult relationship to mainstream economics. Their consistently critical, not to say adversarial, stance towards it has created a degree of self-referential isolation that should probably be credited with preserving and developing a set of important ideas that might otherwise hardly have survived. But it has left the problem of how Austrians are to interact with the rest of the profession so that these ideas will gain the wider influence that they deserve and so that they will not run out of worthwhile things to say and do and thus condemn themselves to reciting a catechism. Steven Horwitz’s new book is also caught in this dilemma. Horwitz sets out to show that “there is an Austrian macroeconomics that is alive and well.” He identifies three Austrian contributions to macroeconomics over the last twenty or thirty years. One consists of the ex- tensions to the Mises-Hayek theory of the business cycle, the second is the White-Selgin free banking theory, and the third the revival of pre-Keynesian monetary disequilibrium theory. But, clearly, these three themes will not suffice to make a http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

Microfoundations and Macroeconomics: An Austrian Perspective by Steven Horwitz

Loading next page...
Kluwer Academic Publishers
Copyright © 2002 by Kluwer Academic Publishers
Economics; Public Finance; Political Science; History of Economic Thought/Methodology
Publisher site
See Article on Publisher Site


You’re reading a free preview. Subscribe to read the entire article.

DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 12 million articles from more than
10,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Unlimited reading

Read as many articles as you need. Full articles with original layout, charts and figures. Read online, from anywhere.

Stay up to date

Keep up with your field with Personalized Recommendations and Follow Journals to get automatic updates.

Organize your research

It’s easy to organize your research with our built-in tools.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

Monthly Plan

  • Read unlimited articles
  • Personalized recommendations
  • No expiration
  • Print 20 pages per month
  • 20% off on PDF purchases
  • Organize your research
  • Get updates on your journals and topic searches


Start Free Trial

14-day Free Trial

Best Deal — 39% off

Annual Plan

  • All the features of the Professional Plan, but for 39% off!
  • Billed annually
  • No expiration
  • For the normal price of 10 articles elsewhere, you get one full year of unlimited access to articles.



billed annually
Start Free Trial

14-day Free Trial