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.
First published in 1963, America's Great Depression is the classic treatise on the 1930s Great Depression and its root causes.
Murray N. Rothbard's America's 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 ...
Marshalling unforgettable narratives that feature prominent leaders as well as lesser-known citizens, The American People in the Great Depression tells the story of a resilient nation finding courage in an unrelenting storm.
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.
Aware of the contemporary relevance of this story, Roberts examines how the country responded to the political and cultural aftershocks of 1837, transforming its political institutions to strike a new balance between liberty and social ...
Chronicles the devastation caused by the nation's most serious economic upheaval, offering parallels with America's present economic woes
Provides irrefutable evidence that not only did government interference with the market cause the Great Depression (and our current economic collapse), but Herbert Hoover's and Franklin Delano Roosevelt's big government policies afterwards ...
This book is an analysis of the causes of the Great Depression of 1929.
... the New York Times said : “ In one block , on West Forty - third Street , a recent count showed nineteen shoe - shiners . They ranged in age from a sixteen5. Both quotes in Gary Dean Best , The Nickel and Dime Decade , p . 25 . 6.
Teaches critical thinking and focuses on the question "What was the Great Depression?" with selections by Studs Terkel, Eleanor Roosevelt, Karen Hesse, Dorothea Lange, Pat Mora, Richard Peck, and more. Literature & Thought Series.