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The Rational Egoist: Exploring F.A. Hayek with Bruce Caldwell

The Rational Egoist

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Exploring the Natural Interest Rate and Intertemporal Coordination in Economics

Exploring the formation of the natural interest rate through the interplay of savings and investments, this chapter elucidates its impact on coordinating long-term consumption decisions. The discussion further delves into the implications of monetary policy on market interest rates, exemplified by the repercussions of the 2008 housing crisis.

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