Time and Money: The Macroeconomics of Capital Structure (Routledge Foundations of the Market Economy)

Garrison, Roger W

Time and Money argues persuasively that the troubles which characterise modern capital-intensive economies, particularly the episodes of boom and bust, may best be analysed with the aid of a capital-based macroeconomics.

The primary focus of this text is the intertemporal structure of capital, an area that until now has been neglected in favour of labour and money-based macroeconomics.