Rothbard’s Depression Analysis Is Now More Relevant than Ever
March 1, 2016Antony P. Mueller
When Murray Rothbard published his book America’s Great Depression in 1963, Keynesian economics ruled supreme. Monetarism had just begun its campaign to conquer the mainstream while Austrian economics had fallen into slumber. Rothbard’s analysis of the Great Depression was the second wake-up call for Austrian economics, after the American publication of Ludwig von Mises’s Human Action. In the meantime, particularly over the past decades, a virtual renaissance of Austrian economics has happened.
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