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Monetary Equilibrium Theory | Steve Horwitz

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Published on Jul 17, 2012

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Professor Steve Horwitz lectures on Austrian macroeconomic theory during the 2011 Summer Seminar on Advanced Austrian Economics. Horwitz discusses the way microeconomic discoordination is manifested in macroeconomic events.

Filmed August 2011.

Find out more at fee.org.

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  • Justin Heyns

    I'm still struggling to get my head around some aspects of free banking. In particular how is money created under free banking and how does it match money demand? Can anyone recommend some monetary equilibrium theory material to help?

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  • feeseminars

    Since I can't put links in here, visit thefreemanonline [dot] org and search for Free Banking.

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    in reply to Justin Heyns (Show the comment)

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  • 21nickik

    Well in terms of how money is greated one would have to say that gold would probebly be adopted and then it is clear. Or a system like bitcoin would emerge. How this process would exaclty work is not understood. Asume you have a system like gold or bitcoin, do you understand how free banking would work? In terms of MET, I would read Horwitz book 'Microfundations and Macroeconomics', it is not only about MET but it puts it in a austrian perspectiv and it has all the relevant references.

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    in reply to Justin Heyns (Show the comment)
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