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 1969 essay is a case in point.
Murray Rothbard was the master of reducing complicated theories to their very essence while retaining theoretical rigor, and this 1969 essay is a case in point.
From Chapter IX of The Bastiat Collection: Volume II: “Harmonies of Political Economy (Book Two)”. Pages 481-505 in the text.