May 24, 2003

A new feature. I'd like to introduce some of the very talented folks who make up the Hayek-L email list. In these times of economic turbulence, let me begin with Roger Garrison, perhaps the best macroeconomist in the world. To get a sense of the flavor of the man and his work, two interviews here and here will take you gently into his macroeconomic world. More meaty stuff can be found in these articles and in the online chapters of Garrison's recent book Time and Money: The Macroeconomics of Capital Structure, which I've called the most significance book in macroeconomics published in the past 30 years. Garrison does a remarkable job in this book explaining Keynesian, monetarist and Hayekian economics -- with little riffs on many of the most recent variations on these. He uses metaphor with the best of them, the surest way to transmit understanding when skillfully executed. And because Garrison looks at macroeconomics from multiple angles, you get a better understanding of what the possibilities are in this difficult field -- and where the booby-traps are hidden. An added pleasure of Garrison's work is his abibing humor -- usually understated. Often this humor is used with telling effect against strategic targets -- if you miss the joke there's a chance you'll miss the argument against a position. Anyway, this is great stuff and Garrison is a pleasure. Oh, and don't miss his page of miscellany.

Posted by Greg Ransom