Capital-based macroeconomicsThough not for the faint-hearted, this first-class Powerpoint presentation of capital-based macroeconomics — based on Roger Garrison’s “Time and Money” — provides helpful animations explaining how the structure of production changes in response to saving and investment. It shows how malinvestment and overconsumption arise.

The original home of these presentations is here, but they have also been updated to present and compare Keynesian circular-flow analysis and Hayekian means-ends analysis here.

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