America's Great Depression

  • by Murray N. Rothbard
  • Narrated by Tom Weiner
  • 10 hrs and 7 mins
  • Unabridged Audiobook

Publisher's Summary

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 Great Depression was not a crisis for capitalism but merely an example of the downturn part of the business cycle, which 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.

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Customer Reviews

Most Helpful

required reading- hard to capture over audio

Murray Rothbard is one of the Austrian Economists who Rep. Ron Paul puts on his reading list. This book is very technical and requires a lot of concentration to truly understand the causes of the depression and what prolonged the depression.

This book gives an excellent account of causes of the great depression in the 20s. It uncovers banker's corruption, moral suasion, and secrets of Cal and Harding's presidency. There are unfortunately many similarities between the greenspan/bernanke fed and the fed of the 20's.

This book should be required reading for every person elected to our congress.
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- Damon

Outstanding historical analysis

Excellent book, but not for someone looking for a biographical history filled with famous personalities or a social history looking back at everyday life during a time of 25% unemployment. This is an economic history. It is recommended for anyone who would like a detailed anaylisis of how federal monetary policy errors can cause false booms by expanding the credit money supply, leading eventually to inevitable recessionary or depressionary corrections. It also explores how Keynesian fiscal policy tends to exacerbate and extend these periods of correction. Interesting, if for no other reason than this cycle of inflationary boom and recession/depression is still with us, and the same disproven tactics are still used as treatments. Anyone interested in the history of banking, finance or economics will probably find this a good read.
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- James

Book Details

  • Release Date: 06-18-2008
  • Publisher: Blackstone Audio, Inc.