America's Great Depression

Murray N. Rothbard

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Language: English

Published by Www.Bnpublishing.Net, 2009

1607960656 / 9781607960652

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Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH

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nach der Bestellung gedruckt Neuware - Printed after ordering - 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.…

Seller Inventory # 9781607960652

Title
America's Great Depression
Author
Murray N. Rothbard
Publisher
Www.Bnpublishing.Net
Publication year
2009
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
1607960656
ISBN 13
9781607960652
Item weight
616 grams
Dimensions
229x152x23 mm

AHA-BUCH GmbH

Einbeck, Germany

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