Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/324925 
Authors: 
Year of Publication: 
2022
Citation: 
[Journal:] Journal of Contextual Economics – Schmollers Jahrbuch [ISSN:] 2568-762X [Volume:] 142 [Issue:] 3 [Year:] 2022 [Pages:] 273-316
Publisher: 
Duncker & Humblot, Berlin
Abstract: 
The emerging field of law and macroeconomics is dominated by Keynesianism, which is used to defend interventionism. Law fluctuates with economic fluctuations. I defend an alternative approach that resists fluctuations in the law and supports the rule of law. This approach emerges from old-fashioned monetary theory as exemplified by the work of F. A. Hayek and Leland Yeager. I show how the tools of complexity economics may be used to build on the foundations of such old-fashioned monetary theory. These tools are helpful in crafting criticisms of interventionist policies and in defending the vital importance of the rule of law.
Subjects: 
Law and Macroeconomics
Macroeconomics
Complexity
TAP
Austrian Economics
Keynesian Economics
JEL: 
E00
K00
K2
E14
C02
C63
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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