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The Panic of 1819 - Reactions and Policies (Paperback)
Loot Price: R466
Discovery Miles 4 660
You Save: R90
(16%)
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The Panic of 1819 - Reactions and Policies (Paperback)
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List price R556
Loot Price R466
Discovery Miles 4 660
You Save R90 (16%)
Expected to ship within 10 - 15 working days
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The Panic of 1819 was America's first great economic crisis. And
this is Rothbard's masterful account, the first full scholarly book
on the topic and still the most definitive. Rothbard tells the
story about a disaster that could not be attributed to some
specific government blunder or disaster. It seemed to originate
from within the economic system itself. Its cause was not obvious
to observers at the time. Confronted with something new, the Panic
engendered much discussion and debate about possible causes and
remedies. As Rothbard observes, the panic provides "an instructive
picture of a people coming to grips with the problems of a business
depression, problems which, in modified forms, were to plague
Americans until the present day." There were many cranky and
contradictory remedies proposed, and Rothbard reviews each one. But
in the end, there was no widespread confusion on what caused the
downturn. Instead, it was widely known that a false prosperity is a
very dangerous thing. It always turns to bust.
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