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The Politically Incorrect Guide to the Great Depression and the New Deal
by Robert P. Murphy · 2009
★★★★★Editor's Pickbeginner
Murphy dismantles the Keynesian myth that FDR's New Deal saved America from the Great Depression. Using Austrian business cycle theory and primary sources, he shows that government intervention prolonged the Depression by a decade, and that the recovery came despite — not because of — the New Deal.
★ Why We Recommend It
This is one of the most important works in the liberty tradition — essential for any serious student of free markets and individual rights.
Best For:New to libertyFirst-time readersGift for a friend
★ Key Takeaways
What You'll Learn from The Politically Incorrect Guide to the Great Depression and the New Deal
- 1This work offers rigorous analysis of its subject from a liberty-oriented perspective.
- 2The author builds a systematic argument from first principles.
- 3The implications for policy and practice are far-reaching.
- 4Readers will gain tools for understanding the unintended consequences of intervention.
- 5Essential reading for anyone serious about the ideas of freedom.
★ About the Author
Robert P. Murphy
Robert P. Murphy is a research assistant professor at Texas Tech University and a senior fellow at the Mises Institute.
★ Meet the Author
Watch: Robert P. Murphy
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