- America's Great Depression
"America's Great Depression" is a 1963
treatiseon the 1930s Great Depressionand its root causes, written by Austrian School economist and author Murray Rothbard. The fifth edition was released in 2000.
Rothbard blames the interventionist policies of the
Herbert Hooveradministration for magnifying the duration, breadth, and intensity of the Great Depression. Rothbard explains the Austrian theory of the business cycle, which holds that government manipulation of the money supply sets the stage for the familiar "boom-bust" phases of the modern market. He then detailed the inflationary policies of the Federal Reservefrom 1921 to 1929 as evidence that the depression was essentially caused not by speculation, but by government and central bank interference in the market.
Table of contents
Part I: Business Cycle Theory
1. The Positive Theory of the Cycle
2. Keynesian Criticisms of the Theory
3. Some Alternative Explanations of Depression: A Critique
Part II: The Inflationary Boom: 1921-1929
4. The Inflationary Factors
5. The Development of the Inflation
6. Theory and Inflation: Economists and the Lure of a Stable Price Level
Part III: The Great Depression: 1929-1933
7. Prelude to Depression: Mr. Hoover and "Laissez-Faire"
8. The Depression Begins: President Hoover Takes Command
10. 1931—"The Tragic Year"
11. The Hoover New Deal of 1932
12. The Close of the Hoover Term
* Government and the National Product, 1929-32
Austrian Theory of the Business Cycle
* 5th Edition: Auburn, Ala.:
Ludwig von Mises Institute, June 15, 2000. Hardcover. 368 pages. ISBN 0-945466-05-6.
* 4th Edition: New York: Richardson & Snyder/E.P. Dutton. 1983. Hardcover. 361 pages. ISBN 0-943940-03-6.
* 3rd Edition: New York: New York University Press. Co-sponsored by
Institute for Humane Studies. January 1, 1975. Paperback. 361 pages. ISBN 0-8362-0647-9. Hardcover ISBN 0-8362-0634-7.
* 2nd Edition: Menlo Park, California:
Institute for Humane Studies, 1972. 361 pages. ISBN 0-8402-5003-7.
* 1st Edition: Princeton, N.J.: D. Van Nostrand, 1963. Hardcover. 361 pages.
* [http://www.mises.org/rothbard/agd/contents.asp "America's Great Depression": Complete Text in HTML format] [http://www.mises.org/rothbard/agd.pdf (also in PDF format)]
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