First published 1971
The Great Depression
The Great Depression by Lionel Robbins is available as a free PDF download at freecapitalists.org.
- Lionel Robbins
- First published
- 1971
- Format
- Pages
- 254
- ISBN
- 9781610160711
- Publisher
- Freeport, RI: Books for Libraries Press, 1971, pp. 30-54
- License
- Unverified
The New Deals of America and Britain were a decade-long calamity that exceeded the damage of the economic downturn itself. The theory behind the policy was all wrong, but no one can say that the correct theory was not in circulation.
This splendid book by Robbins presented the entire cause and remedy - in 1934! Rothbard himself says that this book is one of two excellent studies. Sadly, the power of the state and the myth that it could dig the world out of depression prevailed over the Robbins view that the depression was the result of a previous inflation and the best cure was to free the market and let it properly correct.
This book has been obscure and difficult to find for far too long. But with this new Mises Institute edition, the proof is at last available that at least one great economist in the English speaking world had it precisely right. The world would have been spared much grief had his, instead of Keynes's, views prevailed.
Questions
About this book and this copy
- Is The Great Depression free to download?
- Yes. The complete 254-page PDF downloads directly from this page (17.5 MB). There is no signup, no account and no paywall.
- How long is The Great Depression?
- 254 pages and 11 chapters in the edition this archive serves.
- Who wrote The Great Depression?
- Lionel Robbins (1898–1984) was one of the leading English economists of the 20th century. He wrote on wages, inflation, the economics of war, and the history of economic thought. This archive holds 6 of Robbins's works.
What's in it
11 chapters · page numbers are this file's
- Prefacep. 8
- Chapter I: 1914-1933p. 16
- Chapter II: Misconceptionsp. 27
- Chapter III: The Genesis of the Great Depressionp. 45
- Chapter IV: The Causes of Deflationp. 70
- Chapter V: Great Britain and the Financial Crisisp. 91
- Chapter VI: International Chaosp. 115
- Chapter VII: Restrictionism and Planningp. 140
- Chapter VIII: Conditions of Recoveryp. 175
- Chapter IX: Prospectsp. 210
- Statistical Appendixp. 216
In the lecture archive
Lectures that discuss The Great Depression
15 recorded talks in this archive name this book. The 6 that discuss it most, each linked to the moment it comes up:
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Did Keynesian Economics Win the Battle of Ideas?
Indeed, at the beginning of the Great Depression, one of the leading, if not the leading explanation for the crisis done underway was the Austrian theory of the business cycle associated with Mises and Hayek, popularized by Lionel Robbins in …
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'America’s Great Depression' 50th Anniversary
For example, Lionel Robbins, who had brought Hayek to the London School, wrote his own exposition and application of the Austrian business cycle theory in his 1934 book, The Great Depression.
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… tell me afterward, explain this paper, this issue, this is a serious issue for, in the Austrian literature as well, this issue of, it's relevant right now, were Lyle Robbins and Hayek, were they responsible for worsening the Great Depression?
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Robbins vs. Harrod: The War Over Epistemology, 1938
He had written the best book, probably the best short book ever written on the Great Depression in 1934 publicly repudiated that book, and finally towards the end of his life came to the conclusion that the best thing that …
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03. The Revival of the Austrian School: Mises and Rothbard (video)
And he had written a great book explaining the Great Depression using the Austrian Business Cycle Theory, which is simply called The Great Depression.
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There's Mises' collected essays on the Great Depression.
Further reading: The Great Depression on The Austrian Economics Wiki.
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