false 81980 8 Applied Austrian economics doesn't get better than this. Murray N. Rothbard's <i>America's Great Depression</i> is a staple of modern economic literature and crucial for understanding a pivotal event in American and world history. <P>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 <i>Human Action</i>. <P>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. <P>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. <P>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. 79154 1972 America's Great Depression total:57|5:26|4:20|3:8|2:1|1:2| 57 238 145 14 5 1 false false Tue Oct 28 00:00:00 -0700 2008 Sun Oct 12 19:43:24 -0700 2008 Wed Oct 29 17:53:51 -0700 2008 1 more...]]> 5 1 false false Thu Jan 01 00:00:00 -0800 2004 Mon Oct 20 19:20:35 -0700 2008 Mon Oct 20 19:28:07 -0700 2008 1 more...]]> 4 0 false false Thu Jan 03 00:00:00 -0800 2008 Mon Feb 02 00:36:34 -0800 2009 Mon Feb 02 01:45:21 -0800 2009 mises.org website.

A fabulous and eerily familiar read resonating strongly with the current 2008-2009 state of affairs, as it has also with previous major recessions.

Each significant crises validates and reinforces th...more...]]> 4 0 false false Sun Nov 01 00:00:00 -0700 2009 Mon Nov 02 06:11:58 -0800 2009 Mon Nov 02 06:14:52 -0800 2009
Rothbard exposes all the ways in which the supposedly laissez-faire president, Herbert H...more...]]> 5 0 false false Fri Aug 01 00:00:00 -0700 2008 Mon Sep 22 11:08:53 -0700 2008 Mon Sep 22 13:18:15 -0700 2008 more...]]> 5 0 false false Tue Jun 03 05:49:38 -0700 2008 Tue Jun 03 05:57:17 -0700 2008 more...]]> 5 0 false false Fri Jun 06 05:11:12 -0700 2008 Tue Jun 17 06:29:24 -0700 2008 more...]]> 5 0 false false Fri Oct 17 05:38:22 -0700 2008 Fri Oct 17 05:45:30 -0700 2008 2 more...]]> 4 0 false false Thu Apr 23 00:00:00 -0700 2009 Thu Apr 23 13:04:37 -0700 2009 Thu Apr 23 13:06:15 -0700 2009
5 because the ideas in this book shake the very ground I walk on.

4 because it's very technical and assumes knowledge of some economic terms.]]> 5 0 false false Thu Jan 01 00:00:00 -0800 2009 Mon Mar 09 20:16:43 -0700 2009 Mon Mar 09 20:17:33 -0700 2009 5 0 false false Sat Jan 01 00:00:00 -0800 1972 Sat Sep 12 14:07:45 -0700 2009 Sat Sep 12 14:07:45 -0700 2009 5 0 false false Sun Sep 20 17:04:04 -0700 2009 Mon Oct 12 14:40:14 -0700 2009 5 0 false false Tue Oct 21 08:48:33 -0700 2008 Tue Oct 21 08:52:45 -0700 2008 those who cannot learn from the past are doomed to repeat it. While Rothbard's analysis is not popular with those in position of power, it irrefutably argues that the depression was created by...more...]]> 4 0 false false Sun Jan 20 13:52:07 -0800 2008 Wed Jul 16 09:12:26 -0700 2008 4 0 false false Tue Nov 10 06:03:11 -0800 2009 Tue Nov 10 06:03:11 -0800 2009 5 0 false false Thu Nov 05 06:13:30 -0800 2009 Thu Nov 05 06:13:30 -0800 2009 0 0 false false Sun Nov 01 20:21:44 -0800 2009 Sun Nov 01 20:21:44 -0800 2009 0 0 false false Sat Oct 31 23:13:19 -0700 2009 Sat Oct 31 23:13:19 -0700 2009 0 0 false false Tue Oct 27 10:02:26 -0700 2009 Tue Oct 27 10:02:46 -0700 2009 0 0 false false Thu Oct 22 08:21:51 -0700 2009 Thu Oct 22 08:21:51 -0700 2009