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The Forgotten Depression
by James Grant · 2014
★★★★★Editor's Pick
In 1921, America suffered a sharper economic collapse than in 1929 — and government did almost nothing. Recovery came within 18 months. Grant's meticulous case study is a devastating rebuke to Keynesian stimulus theory and a forgotten vindication of laissez-faire economics.
★ 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:Advanced studentsSerious scholarsGraduate reading
★ Key Takeaways
What You'll Learn from The Forgotten Depression
- 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
James Grant
James Grant is a leading thinker in the tradition of economic and political liberty. This work represents a significant contribution to the literature of freedom and free markets, and has influenced generations of students and scholars.