America s Great Depression

The book remains canonical today because the debate is still very alive. Rothbard opens with a theoretical treatment of business cycle theory, showing how an expansive monetary policy generates imbalances between investment and consumption.

America s Great Depression

America s Great Depression

Applied Austrian economics doesnt get better than this. Murray N. Rothbards Americas Great Depression is a staple of modern economic literature and crucial for understanding a pivotal event in American and world history. The Mises Institute edition features, along with a new introduction by historian Paul Johnson, top-quality paper and bindings, in line with the standard set by The Scholars Edition of Human Action. Since it first appeared in 1963, it has been the definitive treatment of the causes of the depression. The book remains canonical today because the debate is still very alive. Rothbard opens with a theoretical treatment of business cycle theory, showing how an expansive monetary policy generates imbalances between investment and consumption. He proceeds to examine the Feds policies of the 1920s, demonstrating that it was quite inflationary even if the effects did not show up in the price of goods and services. He showed that the stock market correction was merely one symptom of the investment boom that led inevitably to a bust. The Great Depression was not a crisis for capitalism but merely an example of the downturn part of the business cycle, which in turn was generated by government intervention in the economy. Had the book appeared in the 1940s, it might have spared the world much grief. Even so, its appearance in 1963 meant that free-market advocates had their first full-scale treatment of this crucial subject. The damage to the intellectual world inflicted by Keynesian- and socialist-style treatments would be limited from that day forward.

More Books:

America's Great Depression
Language: en
Pages: 368
Authors: Murray Newton Rothbard
Categories: Business cycles
Type: BOOK - Published: 2000 - Publisher: Ludwig von Mises Institute

Applied Austrian economics doesnt get better than this. Murray N. Rothbards Americas Great Depression is a staple of modern economic literature and crucial for understanding a pivotal event in American and world history. The Mises Institute edition features, along with a new introduction by historian Paul Johnson, top-quality paper and
America's Great Depression
Language: en
Pages: 361
Authors: Murray Newton Rothbard
Categories: Business & Economics
Type: BOOK - Published: 1975 - Publisher: Andrews McMeel Pub

Explains the Misesian business cycle theory and examines factors that caused and prolonged the 1929 depression
America's Great Depression
Language: en
Pages:
Authors: Murray Rothbard
Categories: Business & Economics
Type: BOOK - Published: 2013-03-20 - Publisher:

(Pocket Edition)
America's Great Depression
Language: en
Pages: 372
Authors: Murray N Rothbard
Categories: Business & Economics
Type: BOOK - Published: 2021-02-19 - Publisher:

First published in 1963, America's Great Depression is the classic treatise on the 1930s Great Depression and its root causes. Author Rothbard blames government interventionist policies for magnifying the duration, breadth, and intensity of the Great Depression. He explains how government manipulation of the money supply sets the stage for
Blind Spot
Language: en
Pages: 360
Authors: Jim Saunders
Categories: Business & Economics
Type: BOOK - Published: 2020-04-16 - Publisher:

Two dramatic cultural revolutions coincided with the Great Depression. Motivated by a struggling economy, America's political center shifted left. A slew of technological marvels turned the nation modern. Today, the former gets the most attention, but the latter has had the greatest influence on twenty-first century America.Despite a soaring unemployment

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