Garrison developed over the course of his career what has come to be called capital-based macroeconomics, a full-blown Austrian alternative to mainstream macroeconomics that he laid out in his great work, Time and Money: The Macroeconomics of the Capital Structure.
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Category Archive: 6b) Austrian Economics
Mises Spotlight: Brandan Buck
I think any study of history or even the present ought to rely on the belief in contingency, that human action is what drives history, not broad deterministic sweeps of things that human beings are not in control of.
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How to Change the World: Entrepreneurship versus Politics
Entrepreneurship is a voluntary undertaking that causes change by providing value. No force, no threats, and no coercion are involved. It is market action fully in line with our libertarian ideals. And it provides alternatives, and produces variety.
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Why Rothbard Is as Relevant as Ever
Murray Rothbard is one of the all-time greats in Austrian economics and libertarianism. When studying his achievements, we immediately see that Rothbard is a giant whose shoulders free-market scholars should aspire to stand on.
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Natural Entrepreneurship
Conflict over the natural world often originates in people’s different conceptions of how the natural world can and should be used. Entrepreneurship in a free market helps settle these conflicts peacefully, without one group using the power of the state to force its preferences on others.
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The Misesian, vol. 3, no. 2, 2026
In this issue of The Misesian, Patrick Newman explores the many ways that Rothbard remains relevant to current economic and political controversies. And other articles, all of which are in the Rothbardian tradition of advancing the scholarship of freedom and sound economics.
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Trump blufft… oder nicht?
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Is Donald Trump Another Bismarck?
The US finds itself once again in an undeclared overseas war. Republicans in Congress, however, are unwilling to hold Trump to the Constitution.
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Wir müssen wieder zuhören 🧠🤝 Mehr dazu im Ganzen Video auf meinem Kanal mit @MarcFriedrich7!
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The Irresistible Promise of John Law
Before J. M. Keynes and Stephanie Kelton, there was John Law. The promise of free money never seems to die.
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War, Peace, and the State
"It is legitimate to use violence against criminals in defense of one's rights of person and property; it is completely impermissible to violate the rights of other innocent people."
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The Irresistible Promise of John Law
Before J. M. Keynes and Stephanie Kelton, there was John Law. The promise of free money never seems to die.
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A brief history of the Israeli nuclear program, the open secret at the heart of the Iran war
Israel’s nuclear weapons program, estimated at over 90 warheads, was secretly developed with financial and diplomatic support from the West.
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El oro sigue SUBIENDO. ¿Correción pasajera?
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The Elusive Giffen Good, Once Again
Can silver be called a Giffen Good? Probably not, although that fact doesn’t discourage some from looking for the equivalent of a unicorn in economic thinking.
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Entrepreneurship as Agreement Under Uncertainty
Under Knightian uncertainty, how do entrepreneurs persuade others to join their projects?
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JUGADA MAESTRA DE TRUMP
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On Swiss National Bank
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Household wealth in 2025
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SNB Sight Deposits: increased by 2.3 billion francs compared to the previous week
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Heads up for NZD and CHF traders, RBNZ Gov Breman and SNB Chair Schlegel to speak
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Swiss franc appreciation has led to tighter monetary conditions – SNB minutes
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SNB’s Chairman Schlegel: A few months of negative inflation wouldn’t be a problem
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