America's Great Depression - Tapa blanda

Rothbard, Murray N.

 
9781607960652: America's Great Depression
Tapa blanda
ISBN 10: 1607960656 ISBN 13: 9781607960652
Editorial: BN Publishing, 2009

Sinopsis

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.

"Sinopsis" puede pertenecer a otra edición de este libro.

Reseña del editor

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.

"Sobre este título" puede pertenecer a otra edición de este libro.

Editorial
BN Publishing
Año de publicación
2009
Idioma
Inglés
ISBN 10 
1607960656
ISBN 13 
9781607960652
Encuadernación
Tapa blanda
Número de páginas
374
Contacto del fabricante
no disponible
Persona responsable
no disponible

Otras ediciones populares con el mismo título

9780945466055: Title: Americas Great Depression

Edición Destacada

ISBN 10:  0945466056 ISBN 13:  9780945466055
Tapa dura