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America's Great Depression

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About this listen

 Applied Austrian economics doesn't get better than this. Murray N. Rothbard's America's Great Depression is a staple of modern economic literature and crucial for understanding a pivotal event in American and world history.

The Great Depression was not a crisis for capitalism but merely an example of the downturn part of the business cycle, which was generated by government intervention in the economy. Had this book appeared in the 1940s, it might have spared the world much grief. Even so, its appearance in 1963 meant that free-market advocates had their first full-scale treatment of this crucial subject. The damage to the intellectual world inflicted by Keynesian- and socialist-style treatments would be limited from that day forward.

©1978 Murray N. Rothbard (P)2008 Blackstone Audio, Inc. Americas Economic History Economics United States Deficit Deflation Taxation Capitalism Government Socialism Banking Great Recession US Economy Tariff Business Export Franklin D Roosevelt Economic Inequality
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provides a lot of facts to accompany the narrative. these bolster the understanding of how money supply moved around for example. also details time prior to 1929 crash where a lot of seeds were sewn that germinated within the crash.

Detailed Breakdown of Great Depression

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In a world of renewed debt monetisation at the expense of the average employee and worker, this book reminds us how governments create boom and bust cycles and long term economic depressions. Basic statistics and logic to explain what we’ve lived in since the GFC.

Enlightening

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If you are looking for a light entertainment read, depicting the times and struggle of the Great Depression, you've come to the wrong place. This book does a thorough break down of the Economic History and causation of the Great Depression from the Austrian School of though perspective. Discussing economic measures and public policies that have lead and exacerbated the Great Depression.

Personally I found this book to be greatly educational as I am an economics graduate, however I found certain portions of the book to be difficult to get through as they are written in a technical/academic jargon that may exclude a less advanced reader. Although the narration was brilliant, certain parts of the book would be better read in a physical textbook form rather than an audio book.

Story wise the author does a great job at depicting a detailed account of steps taken by the domestic and international governments, financial institutions, trades cartel and inflation demagogues, explaining how they played a role in creating an immense economic disaster. However being an economic study, the reader may struggle to keep engaged throughout sections which are quite simply "boring" to listen to. I struggled to keep engaged throughout the litter of names, proposed regulation & schemes that were prominent in the politics of the time. Nevertheless I am pleased to have finished the book as I was able to deepen my knowledge on the credit and inflation policies effects on the economy.

If you are looking to read this book as a student I'd strongly suggest to find a physical copy in a library for note taking and examination of data tables.

Economics History and Breakdown not a story book

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I think this books it’s more for economists. Well researched. It’s very detailed with lots of numbers etc.

Very detailed

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Great overview from a different perspective but a bit over the head of someone without knowledge of the nomenclature and jargon. Well worth a read though.

Great overview from a different perspective but a bit over the head of someone without knowledge of the nomenclature and jargon

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