Lib Quotes
  • Authors
  • Topics
  • Lists
  • Pictures
  • Resources
  • More about Roger Garrison

Roger Garrison Quotes

2 Sourced Quotes

    • Source
    • Report...
Accounting for the artificial boom and the consequent bust is not part of Keynesian income-expenditure analysis, nor is it an integral part of monetarist analysis. The absence of any significant relationship between boom and bust is an inevitable result of dealing with the investment sector in aggregate terms. The analytical oversight derives from theoretical formulation in Keynesian analysis and from empirical observation in monetarist analysis. But from an Austrian perspective, the differences in method and substance are outweighed by the common implication of Keynesianism and monetarism, namely, that there is no boom-bust cycle of any macroeconomic significance.

Roger Garrison
    • Source
    • Report...
While many of the conflicting claims can be reconciled in terms of the short-run and long-run orientation of Keynesians and monetarists, respectively, and in terms of their contrasting philosophical orientations, neither vision takes into account the workings or failings of the market mechanisms within the investment aggregate. Austrian macroeconomics is set apart from both Keynesianism and monetarism by its attention to the differential effects of interest rate changes within the investment sector, or—using the Austrian terminology—within the economy's structure of production.

Roger Garrison

Quote of the day

My yesterdays walk with me. They keep step, they are gray faces that peer over my shoulder.
William Golding

Roger Garrison

Roger Garrison

Born: 1944 (age 81)
Bio: Roger Wayne Garrison is an American professor of economics at Auburn University, and an adjunct scholar of the Ludwig von Mises Institute.

WikipediaRoger Garrison on Wikipedia

Suggest an edit or a new quoteSuggest an edit or a new quote

American Economist Quotes
Economist Quotes
20th-century Economist Quotes

Related Authors

Friedrich Hayek
Friedrich Hayek
Austrian Economist

Ludwig von Mises
Ludwig von Mises
American Economist

John Hicks
John Hicks
British Economist

Featured Authors

Genghis KhanRudyard KiplingAlexander the GreatGeorge WashingtonAdam SmithBob DylanLewis CarrollEpictetusVincent van GoghSimón BolívarStephen KingJean Cocteau

Lists

Predictions that didn't happen

Predictions that didn't happen

If it's on the Internet it must be true

If it's on the Internet it must be true

Remarkable Last Words (or Near-Last Words)

Remarkable Last Words (or Near-Last Words)

Picture Quotes

If you see what is right and fail to act on it, you lack courage.

Confucius

I have a heart with room for every joy.

Philip James Bailey

Life was meant to be lived, and curiosity must be kept alive.

Eleanor Roosevelt

A great change in life is like a cold bath in winter — we all hesitate at the first plunge.

Letitia Elizabeth Landon

Popular Topics

  • life
  • love
  • nature
  • time
  • god
  • power
  • human
  • mind
  • work
  • art
  • heart
  • thought
  • men
  • day
Lib Quotes

100% Sourced Quotes.

Our motto is: Don't quote it if you can't source it.

Contact us

Social Media

  • Facebook
  • Instagram
  • X (Twitter)
  • Pinterest

Recent

Predictions that didn't happen

If it's on the Internet it must be true

Remarkable Last Words (or Near-Last Words)

Subscribe to our Newsletter:
Quote of the Day
JS and WordPress
Subscribe
to RSS Feeds
© 2017-2025 LibQuotes
Terms of Use / Privacy Policy / About Us

Lib Quotes