Coupon
America's Great Depression
by Murray N. Rothbard


Overview - 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 Fed's 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.  Read more...

 
Hardcover
  • $28.99

Add to Cart + Add to Wishlist

In Stock Online.

FREE Shipping for Club Members
 
> Check In-Store Availability

In-Store pricing may vary

 
 
New & Used Marketplace 14 copies from $6.01
 
 
 
 

More About America's Great Depression by Murray N. Rothbard
 
 
 
Overview
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 Fed's 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.

About the Author

Murray N. Rothbard, the author of 25 books and thousands of articles, was a historian, philosopher, and dean of the Austrian School of economics. The S.J. Hall Distinguished Professor of Economics at the University of Nevada, Las Vegas, he was also Academic Vice President of the Ludwig von Mises Institute in Auburn, Ala.

 
Details
  • ISBN-13: 9781607961109
  • ISBN-10: 1607961105
  • Publisher: www.bnpublishing.com
  • Publish Date: April 2009
  • Page Count: 376
  • Dimensions: 9.02 x 5.98 x 1 inches
  • Shipping Weight: 1.59 pounds


Related Categories

Books > Business & Economics > Economic History
Books > History > United States - 20th Century
Books > Business & Economics > Investments & Securities - General

 
BAM Customer Reviews