2019 Reprint of 1963 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition software. This book is an analysis of the causes of the Great Depression of 1929. The author concludes that the Depression was caused not by laissez-faire capitalism, but by government intervention in the economy. The author argues that the Hoover administration violated the tradition of previous American depressions by intervening in an unprecedented way and that the result was a disastrous prolongation of unemployment and depression so that a typical business cycle became a lingering disease.
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Anbieter: World of Books (was SecondSale), Montgomery, IL, USA
Paperback. Zustand: Good. Applied Austrian economics doesn't get better than this. Murray N. Rothbard's America's Great Depression is a staple of modern economic literature and crucial for understanding a pivotal event in American and world history. 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. 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 this 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. Since the book's first edition, it has been the definitive treatment of the causes of the depression. It remains canonical today because the debate is still very alive. Artikel-Nr. CIN1684223075G
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Anbieter: Better World Books, Mishawaka, IN, USA
Zustand: Good. Pages intact with minimal writing/highlighting. The binding may be loose and creased. Dust jackets/supplements are not included. Stock photo provided. Product includes identifying sticker. Better World Books: Buy Books. Do Good. Artikel-Nr. 58112263-6
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Anbieter: Rarewaves USA, HEBRON, KY, USA
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Anbieter: GreatBookPricesUK, Woodford Green, Vereinigtes Königreich
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Zustand: As New. Unread book in perfect condition. Artikel-Nr. 35164923
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Anbieter: Rarewaves USA United, HEBRON, KY, USA
Paperback. Zustand: New. Artikel-Nr. LU-9781684223077
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Anbieter: Rarewaves.com UK, London, Vereinigtes Königreich
Paperback. Zustand: New. Artikel-Nr. LU-9781684223077
Anzahl: Mehr als 20 verfügbar