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The Great Depression

July 20, 2005
In 1934, when Lionel Robbins wrote The Great Depression , he was a committed advocate of the Austrian School of economics. This would later change, but in this book he brilliantly applies the Austrian theory of the business cycle to explain the depression—which, he notes, was of unprecedented...

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Formats

America's Great Depression

July 20, 2005
This book applies Austrian business cycle theory to understanding the onset of the 1929 Great Depression.

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Taxpayers in Revolt: Tax Resistance During the Great Depression

December 10, 2008
David Beito has brought to light a remarkable and previously unknown chapter of the Great Depression: its tax revolts.

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The Causes of the Economic Crisis, and Other Essays Before and After the Great Depression

November 6, 2007
Mises presented his business cycle theory in its most elaborate form, applies it to the prevailing conditions, and discusses the policies that governments undertake that make recessions worse.

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Prosperity and Depression

July 17, 2009
Heberler answers the question of how a developed and thriving economy can find itself plunged into economic crisis.

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The Great Austrian Economists

November 22, 2008
This collection presents ideas from the full sweep of this intellectual history, highlighting fifteen thinkers who made the greatest contribution to advancing the Austrian School of economics.

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Liberty and the Great Libertarians

February 26, 2008
In 1913, Charles T. Sprading this book of remarkable prescience that anticipated the systematic development of an American libertarian tradition.

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Economic Depressions: Their Cause and Cure

May 18, 2009
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.

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Great Wars and Great Leaders: A Libertarian Rebuttal

December 8, 2010
Ralph Raico — the great historian of classical liberalism — strips away the veneer of exalted leaders and beloved wars.

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Great French Writers: Turgot

April 30, 2010
For an those who have related to us his life, who have collected with a pious care his most trifling sayings, his slightest writings, Turgot is a great mind, one of the greatest minds of the eighteenth century, the greatest, perhaps, next to Montesquieu; but they all look upon him as an unlucky...

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Hoover, Bush, and Great Depressions

January 11, 2011
Hoover's interventionist policies focused on labor markets with the goal of keeping wages and employment high. Bush's interventionist policies focused on capital markets with the goal of keeping financial markets functioning...

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An Enquiry into the Nature and Effects of the Paper Credit of Great Britain

September 17, 2009
In this book, which was recovered after being lost for over 100 years, Henry Thornton defends the Bank of England's influence on paper money...

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Krugman Claims Mises Couldn’t Explain the Great Depression

January 30, 2014
Paul Krugman, relying on the claims of anonymous bloggers, asserts that Mises couldn’t explain the origins of the Great Depression...

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The Twofold Roots of the Great Depression: Inflationism and Intervention

October 1, 2010
It is not the system of private enterprise and free markets that is responsible. It is the suspension of that system. It is not capitalism but interventionism and monetary uncertainty that are responsible for the persistence of the slump.

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The 'New Economists' and the Great Depression of the 1970s

May 7, 2004
The 1970s were the turning point, writes Mark Thornton, in the wrong direction. Under Keynesian guidance, gold was abandoned, prices increased, and the dollar rapidly depreciated.

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San Bernardino of Siena and Sant'Antonino of Florence: The Two Great Economic Thinkers of the Middle Ages

May 31, 2008
Professor de Roover's careful setting of these two men in their spiritual and secular environments poses the tensions they experienced between dogma and freedom of economic thought...

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A History of Economic Thought: The LSE Lectures, by Lionel Robbins

October 1, 1999
Austrians have sometimes been very hard on Lord Robbins. He at one time embraced the views of Mises and Hayek; and in The Great Depression, he presented a resolutely Austrian theory of the business-cycle.

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Lionel Robbins: Neoclassical Maximizer or Proto-Praxeologist?

The author believes the evidence presented in this paper raises serious questions for Kirzner’s interpretation of Robbins’s Essay . Mises certainly treated Robbins’s book...

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Formats

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The Roosevelt Myth

January 28, 2008
As John T. Flynn notes in this landmark 1948 volume, FDR actually prolonged the Great Depression and deliberately dragged the country into a war that seriously compromised American liberties.

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