Volume 9, No. 4 (Winter 2006)
Austrians frequently lament the absence of an Austrian undergraduate money-macro curriculum, especially at the intermediate level. This is ironic in that a large body of work currently exists, both from “the masters” and more recent researchers that provides the essential theoretical underpinnings and historical and empirical analysis from which to mount a coherent Austrian macro course suitable for second or third year students. Unfortunately, that literature generally presupposes significant background knowledge in Austrian economics and thus does not ordinarily serve as a suitable platform upon which to build an intermediate money-macro course. Butos suggests all the components for such a course are in hand save one: an intermediate macro text appropriate for classroom use.
