Banking And The Business Cycle: A Study Of The Great Depression In The United States - Couverture rigide

Phillips, Chester Arthur; McManus, Thomas Francis; Nelson, Richard Ward

Couverture rigide

ISBN 10 : 1258037181 ISBN 13 : 9781258037185

Editeur : Literary Licensing, LLC, 2011

Synopsis

Banking and the Business Cycle: A Study of the Great Depression in the United States is a book by Chester Arthur Phillips. The book is a comprehensive study of the Great Depression in the United States and the role of banking in its occurrence. The author examines the historical context of the Great Depression and the economic policies that were in place at the time. He also analyzes the role of banks in the economic collapse and the subsequent recovery.Phillips argues that the banking system played a significant role in the Great Depression. He contends that the Federal Reserve System, which was established in 1913 to regulate the nation's banking system, failed to prevent the economic collapse. The author examines the actions of the Federal Reserve during the Great Depression and argues that its policies exacerbated the economic crisis.The book also explores the relationship between banking and the business cycle. Phillips argues that the banking system is a key factor in the cyclical nature of the economy. He examines the role of banks in the expansion and contraction of credit, and how this affects the business cycle.Overall, Banking and the Business Cycle: A Study of the Great Depression in the United States is a comprehensive analysis of the Great Depression and the role of banking in its occurrence. The book provides valuable insights into the workings of the banking system and its impact on the economy. It is a must-read for anyone interested in the history of the Great Depression and the role of banking in economic cycles.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

A propos du livre

Présentation de l'éditeur

This rare study by C.A. Phillips, together with T.F. McManus and R.W. Nelson, appeared in 1937 as an Austrian-style analysis of the stock market crash and the great depression that followed. It explores the many theories tossed about at the time, and concludes that the theory "here developed may be called a 'central banking' explanation of the depression. The depth and duration of the depression are held to be the ineluctable consequences of the preceding boom. That boom could never have lasted as long as it did, nor could it have assumed the proportions it attained, under the old National Banking System. The boom and depression were therefore proximately caused by central bank credit expansion." We can see, then, why Austrian economists have long held this book in high esteem, though it has been nearly impossible to find for many years. Murray Rothbard himself picked it as among the 20 most significant economics books of the 20th century.

Détails de l'édition

• Éditeur: Literary Licensing, LLC
• Date d'édition: 2011
• Langue: anglais
• ISBN 10: 1258037181
• ISBN 13: 9781258037185
• Reliure: Relié
• Nombre de pages: 290
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible