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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 revolutionaries include the pamphleteer writing in his study, the journalist, the agitator, the organizer, the campus activist, the theoretician, the philanthropist.
November 11 was once known as Armistice Day, the day set aside to celebrate the end of WWI. In this essay Rothbard discusses the war as the triumph of several Progressive intellectual strains from the late 19th and early 20th centuries.
We libertarians may be anti-state, but that we are emphatically not anti-society or opposed to the real world, however contaminated it might be.
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
