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Depression, War, and Cold War: Challenging the Myths of Conflict and Prosperity
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Depression, War, and Cold War: Challenging the Myths of Conflict and Prosperity

4.79 of 5 stars 4.79  ·  rating details  ·  14 ratings  ·  3 reviews
Offering a powerful interpretation of U.S. political economy from the early-1930s to the end of the Cold War, this resource refutes many popular myths about the Great Depression and New Deal, the World War II economy, and the postwar national-security state that is still so pervasive today. What accounts for the extraordinary duration of the Great Depression? How did the w...more
Paperback, 352 pages
Published May 1st 2009 by Independent Institute (first published January 1st 2006)
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There’s a story that most Americans of my and later generations have grown up with. It goes something like this: in the late 1920’s our economy spontaneously dropped off a cliff due to an (unexplained) failure of capitalism and free enterprise. Although the situation was initially made worse by the laissez faire ideology of the Hoover administration, from 1933 onward FDR boldly enacted needed government policies to compensate for the inability of free markets to generate full employment and to s...more
I should say that I am not all that far into it, but I feel like I already got my money's worth just reading the beginning of the book.

Higgs is trying to disabuse the public of the idea that FDR's relentless attacks on liberty and private property were in any way useful during the Great Depression. To the contrary, he was the primary focal point of the foolish, class envy-based, reactionary policy that made the Great Depression last so long.

And he goes further--rather than accepting the widely h...more
Ben Wanamaker
One of my most cherished volumes in economics and Political Economy.

A classic series of scholarly and highly accessible essays treating the assumptions given in textbooks that drive the overall logical fallacy which teaches the high outputs of government spending for wars relieves the desire for employment or safety. We discover many golden sets of raw data, extracted from the government's own recordings and archives, displaying the deficit of any evidence that government activity and contracts...more
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