Publication
Author:
Chester A. Phillips
Online Publish Date:
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