Can microeconomics explain the current crisis? Steven Horwitz explains how it does in an outstanding explication of microeconomic explanation and its application to our current macroeconomic problems (pdf):
The Austrian approach to macroeconomics can already be seen as being fundamentally microeconomic. What matters for growth is the degree to which microeconomic intertemporal coordination is achieved . . . → Read More: macro: Horwitz on How Microeconomics Explains the Current Crisis
