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 essay is a case in point. It was written in 1969 and published in the form of a tiny book that achieved a huge circulation. It has not been in print since that time, but it is now back in this new release.

It is thrilling how Rothbard is able to present the theory in an easy-to-digest format.

Its continued relevance speaks to an aspect of the Austrian theory that o...