Economic Depressions: Their Cause and Cure

05/18/2009 Murray N. Rothbard

Tags: Booms and Busts

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Economic Depressions: Their Cause and Cure

Murray Rothbard was the master of reducing complicated theories to their very essence while retaining theoretical rigor, and this essay is a case in point. It was written in 1969 and published in the form of a tiny book that achieved a huge circulation. It has not been in print since that time, but it is now back in this new release.

Its continued relevance speaks to an aspect of the Austrian theory that other theories can’t boast. It is a real theory that applies across time and place, and its persuasive power is not contingent on the particulars of any individual boom bust cycle.

Economic Depressions: Their Cause and Cure by Murray N. Rothbard

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Meet the Author

Murray N. Rothbard

Murray N. Rothbard made major contributions to economics, history, political philosophy, and legal theory. He combined Austrian economics with a fervent commitment to individual liberty.

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References

Mises Institute 2009; originally published as a minibook in 1969 by the Constitutional Alliance of Lansing, Michigan.

This essay was originally published as a minibook by the Constitutional Alliance of Lansing, Michigan, 1969.

Printed in 2009 by the Mises Institute

ISBN: 978-1-933550-50-3

What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

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