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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.
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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.
The problem is not the inefficiency of a conscript army; the problem is the gross immorality — indeed, the massive criminality — of drafting young men ... to kill or be killed against their will.
Rothbard argues that genuine science in the social realm starts with clear logic about human action.
Into the heart of the peasant and nomadic Arab world of the Middle East there came, on the backs and on the bayonets of British imperialism, a largely European colonizing people.
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
