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America's Great Depression by Murray N Rothbard (CD-Audio, 2012)

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About this product

Product Information

Applied Austrian ecomics doesn't get better than this. Murray N. Rothbard's America's Great Depression is a staple of modern ecomic 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 t 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 t 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 ecomy. 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 canical today because the debate is still very alive.

Product Identifiers

Publisher
Blackstone Audiobooks
ISBN-10
1433219360
ISBN-13
9781433219368
eBay Product ID (ePID)
189430556

Product Key Features

Author
Murray N Rothbard
Format
CD-Audio, CD Standard Audio Format
Language
English
Subject
Regional History
Type
Textbook

Additional Product Features

Running Time
600
Read by
Tom Weiner
Contained Items Statement
8 Audio Cds
Date of Publication
01/08/2012
Country of Publication
United States

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