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America’s Great DepressionBy Murray N. Rothbard

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Product Description

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.


Product Details

  • Amazon Sales Rank: #430301 in Books
  • Brand: Brand: BN Publishing
  • Published on: 2009-01-26
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.00″ h x .85″ w x 6.00″ l, 1.22 pounds
  • Binding: Paperback
  • 374 pages

Features

  • ISBN13: 9781607960652
  • Condition: New
  • Notes: BRAND NEW FROM PUBLISHER! 100% Satisfaction
    Guarantee. Tracking provided on most orders. Buy with
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Editorial Reviews

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.

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