America’s Great Depression
By Murray N. Rothbard
“Perhaps the single most important event in American history which is trotted forth as “proof” that laissez faire cannot function is the Great Depression.”
Perhaps the single most important event in American history which is trotted forth as “proof” that laissez faire cannot function is the Great Depression. In this work, Murray Rothbard refutes that myth, using both economic theory and historical evidence. Developing a positive theory of the business cycle, Rothbard moves on to answer Keynesian and other theories. He then applies his own economic model to history, showing who caused the depression, how and with what motives and consequences. A very important work in economic history, placing responsibility for the depression squarely on the shoulders of the State.
Reviewed by R. A. Childs, Jr. / Economics / BFL Price $10 (cloth) / $4 (paper)