FREE Delivery in the UK.
In stock.
Dispatched from and sold by Amazon. Gift-wrap available.
Time and Money: The Macro... has been added to your Basket
Have one to sell?
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 3 images

Time and Money: The Macroeconomics of Capital Structure (Routledge Foundations of the Market Economy) Paperback – 8 Jan 2006

See all 3 formats and editions Hide other formats and editions
Amazon Price
New from Used from
Kindle Edition
£26.99 £35.36
Note: This item is eligible for click and collect. Details
Pick up your parcel at a time and place that suits you.
  • Choose from over 13,000 locations across the UK
  • Prime members get unlimited deliveries at no additional cost
How to order to an Amazon Pickup Location?
  1. Find your preferred location and add it to your address book
  2. Dispatch to this address when you check out
Learn more
click to open popover

Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.

  • Apple
  • Android
  • Windows Phone

To get the free app, enter your mobile phone number.

Product details

  • Paperback: 292 pages
  • Publisher: Routledge; 1 edition (8 Jan. 2006)
  • Language: English
  • ISBN-10: 0415771226
  • ISBN-13: 978-0415771221
  • Product Dimensions: 15.6 x 1.7 x 23.4 cm
  • Average Customer Review: Be the first to review this item
  • Amazon Bestsellers Rank: 2,071,496 in Books (See Top 100 in Books)
  • Would you like to tell us about a lower price?
    If you are a seller for this product, would you like to suggest updates through seller support?

  • See Complete Table of Contents

Product description


"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.

From the Inside Flap

It is increasingly recognized that the weakness in modern macroeconomic theorizing is the lack of any real coupling of short- and long-run aspects of the market process. In the short run, the investment and consumption magnitudes move in the same direction, either both downward into recession or both upward toward full employment and even beyond in an inflationary spiral. But for a given period and with a given technology, any change in the economy's growth rate must entail consumption and investment magnitudes that move, initially, in opposition to one another.

Roger W. Garrison claims that modern Austrian macroeconomics, which builds on the early writings of F.A. Hayek, can be comprehended as an effort to reinstate the capital-theory core that allows for a real coupling of short- and long-run perspectives. Although the macroeconomic relationships identified are largely complementary to the relationships that have dominated the thinking of macroeconomists for the past half century, Time and Money presents a fundamental challenge to modern theorists and practitioners who overdraw the short- run/long-run distinction. The primary focus of this text is the intertemporal structure of capital and the associated set of issues that have long been neglected in the more conventional labor- and money-based macroeconomics. This volume puts forth a persuasive argument that the troubles that characterize modern capital-intensive economies, particularly the episodes of boom and bust, may best be analyzed with the aid of a capital-based macroeconomics.

See all Product description

Customer reviews

There are no customer reviews yet.
Share your thoughts with other customers

Most helpful customer reviews on Amazon.com

Amazon.com: 4.6 out of 5 stars 9 reviews
Mart Grams
5.0 out of 5 starsAn Austrian Macro Approach
27 September 2009 - Published on Amazon.com
Verified Purchase
3 people found this helpful.
4.0 out of 5 starsAs a finance major, some of the economic theories ...
12 January 2016 - Published on Amazon.com
Verified Purchase
5.0 out of 5 starsRoger Garrison FTW
3 May 2016 - Published on Amazon.com
Verified Purchase
Ralph Chang
5.0 out of 5 starsThe best Austrian macro textbook
24 April 2010 - Published on Amazon.com
Verified Purchase
One person found this helpful.
D. W. MacKenzie
4.0 out of 5 starsWorth the Time-Too much Money
3 December 2000 - Published on Amazon.com
35 people found this helpful.

Where's My Stuff?

Delivery and Returns

Need Help?