31. Economic Depressions: Their Cause and Cure, pt. 1

By | December 1, 2017

Why do recessions occur? What causes the business cycle? When we have a recession, why is it that the capital goods industries are affected much more than consumers goods industries? What has the central bank got to do with it? Rothbard’s essay on economic depressions explores the Misesian framework of the Austrian Business Cycle Theory. It’s pretty magnificent.

DOWNLOAD THE ESSAY
Murray N. Rothbard, Economic Depressions: Their Cause and Cure

 

Help out the show on Patreon!

Attributions:
Intro music: Ching by Glass Boy
Source of the text: Mises Institute