America's Great Depression High quality books
America's Great Depression
By:Murray Newton Rothbard
Published on 1972 by Ludwig von Mises Institute
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. The book remains canonical today because the debate is still very alive. This book applies Austrian business cycle theory to understanding the onset of the 1929 Great Depression. Rothbard first summarizes the Austrian theory and offers a criticism of competing theories, including the views of Keynes. Rothbard then considers Federal Reserve policy in the 1920s, showing its inflationary character. The influence of Benjamin Strong, the Governor of the New York Federal Reserve Bank, was especially important. In part, his expansionary policy was motivated by his desire to help Britain sustain the pound. Strong was close friends with Montagu Norman, the Governor of the Bank of England. After the 1929 crash, Herbert Hoover followed an interventionist policy that prefigured the New Deal. He favored keeping wage rates high and thus contributed to rising unemployment. Against the popular stereotype, Rothbard shows that Hoover was not a partisan of laissez-faire.
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Book ID of America's Great Depression's Books is RHINtHpq8p0C, Book which was written byMurray Newton Rothbardhave ETAG "XkAOfJGJwxM"
Book which was published by Ludwig von Mises Institute since 1972 have ISBNs, ISBN 13 Code is 9781610164801 and ISBN 10 Code is 1610164806
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Book which have "361 Pages" is Printed at BOOK under CategoryBusiness cycles
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