Banking and the Business Cycle

This rare study by C.A. Phillips, together with T.F. McManus and R.W. Nelson, appeared in 1937 as an Austrian-style analysis of the stock market crash and the great depression that followed.

It explores the many theories tossed about at the time, and concludes that the theory "here developed may be called a 'central banking' explanation of the depression. The depth and duration of the depression are held to be the ineluctable consequences of the preceding boom. That boom could never have lasted as long as it did, nor could it have assumed the proportions it attained, under the old National Banking System. The boom and depression were therefore proximately caused by central bank credit expansion."

We can see, then, why Austrian economists have long held this book in high esteem, though it has been nearly impossible to find for many years. Murray Rothbard himself picked it as among the 20 most significant economics books of the 20th century.

Banking and the Business Cycle

This rare study by C.A. Phillips, together with T.F. McManus and R.W. Nelson, appeared in 1937 as an Austrian-style analysis of the stock market crash and the great depression that followed.

It explores the many theories tossed about at the time, and concludes that the theory "here developed may be called a 'central banking' explanation of the depression. The depth and duration of the depression are held to be the ineluctable consequences of the preceding boom. That boom could never have lasted as long as it did, nor could it have assumed the proportions it attained, under the old National Banking System. The boom and depression were therefore proximately caused by central bank credit expansion."

We can see, then, why Austrian economists have long held this book in high esteem, though it has been nearly impossible to find for many years. Murray Rothbard himself picked it as among the 20 most significant economics books of the 20th century.

Banking and the Business Cycle

This rare study by C.A. Phillips, together with T.F. McManus and R.W. Nelson, appeared in 1937 as an Austrian-style analysis of the stock market crash and the great depression that followed.

It explores the many theories tossed about at the time, and concludes that the theory "here developed may be called a 'central banking' explanation of the depression. The depth and duration of the depression are held to be the ineluctable consequences of the preceding boom. That boom could never have lasted as long as it did, nor could it have assumed the proportions it attained, under the old National Banking System. The boom and depression were therefore proximately caused by central bank credit expansion."

We can see, then, why Austrian economists have long held this book in high esteem, though it has been nearly impossible to find for many years. Murray Rothbard himself picked it as among the 20 most significant economics books of the 20th century.

Money and Prices

Money and Prices Joseph Salerno Fundamentals of Economic Analysis: A Causal-Realist Approach

Money and Prices

Money and Prices Joseph Salerno Fundamentals of Economic Analysis: A Causal-Realist Approach

Money and Prices

Money and Prices Joseph Salerno Fundamentals of Economic Analysis: A Causal-Realist Approach

Competition and Monopoly

Competition and Monopoly Peter Klein Fundamentals of Economic Analysis: A Causal-Realist Approach

Competition and Monopoly

Competition and Monopoly Peter Klein Fundamentals of Economic Analysis: A Causal-Realist Approach

Competition and Monopoly

Competition and Monopoly Peter Klein Fundamentals of Economic Analysis: A Causal-Realist Approach

Capital, Interest and the Structure of Production

Capital, Interest and the Structure of Production Joseph Salerno Fundamentals of Economic Analysis: A Causal-Realist Approach

Capital, Interest and the Structure of Production

Capital, Interest and the Structure of Production Joseph Salerno Fundamentals of Economic Analysis: A Causal-Realist Approach

Capital, Interest and the Structure of Production

Capital, Interest and the Structure of Production Joseph Salerno Fundamentals of Economic Analysis: A Causal-Realist Approach

Profit, Loss and the Entrepreneur

Profit, Loss and the Entrepreneur Peter Klein Fundamentals of Economic Analysis: A Causal-Realist Approach

Profit, Loss and the Entrepreneur

Profit, Loss and the Entrepreneur Peter Klein Fundamentals of Economic Analysis: A Causal-Realist Approach

Profit, Loss and the Entrepreneur

Profit, Loss and the Entrepreneur Peter Klein Fundamentals of Economic Analysis: A Causal-Realist Approach

Pricing of the Factors of Production and the Labor Market

Pricing of the Factors of Production and the Labor Market Peter Klein Fundamentals of Economic Analysis: A Causal-Realist Approach

Pricing of the Factors of Production and the Labor Market

Pricing of the Factors of Production and the Labor Market Peter Klein Fundamentals of Economic Analysis: A Causal-Realist Approach

Pricing of the Factors of Production and the Labor Market

Pricing of the Factors of Production and the Labor Market Peter Klein Fundamentals of Economic Analysis: A Causal-Realist Approach

Price Controls: Case Studies

Price Controls: Case Studies Joseph Salerno Fundamentals of Economic Analysis: A Causal-Realist Approach

Price Controls: Case Studies

Price Controls: Case Studies Joseph Salerno Fundamentals of Economic Analysis: A Causal-Realist Approach

Price Controls: Case Studies

Price Controls: Case Studies Joseph Salerno Fundamentals of Economic Analysis: A Causal-Realist Approach

The Determination of Prices

The Determination of Prices Peter Klein Fundamentals of Economic Analysis: A Causal-Realist Approach

The Determination of Prices

The Determination of Prices Peter Klein Fundamentals of Economic Analysis: A Causal-Realist Approach

The Determination of Prices

The Determination of Prices Peter Klein Fundamentals of Economic Analysis: A Causal-Realist Approach

Exchange and Demand

Exchange and Demand Joseph Salerno Fundamentals of Economic Analysis: A Causal-Realist Approach

Exchange and Demand

Exchange and Demand Joseph Salerno Fundamentals of Economic Analysis: A Causal-Realist Approach

Exchange and Demand

Exchange and Demand Joseph Salerno Fundamentals of Economic Analysis: A Causal-Realist Approach

Scarcity, Choice, and Value

Scarcity, Choice, and Value Joseph Salerno Fundamentals of Economic Analysis: A Causal-Realist Approach

Scarcity, Choice, and Value

Scarcity, Choice, and Value Joseph Salerno Fundamentals of Economic Analysis: A Causal-Realist Approach

Scarcity, Choice, and Value

Scarcity, Choice, and Value Joseph Salerno Fundamentals of Economic Analysis: A Causal-Realist Approach