{"product_id":"the-causes-of-the-economic-crisis-and-other-essays-before-and-after-the-great-depression","title":"The Causes of the Economic Crisis: And Other Essays Before and After the Great Depression","description":"\u003cp\u003eIn the world before and after the Great Depression  there was a lone voice for sanity and freedom: Ludwig von Mises. He speaks in The Causes of the Economic Crisis  a collection of newly in print essays by Mises that have been very hard to come by  and are published for the first time in this format. Here we have the evidence that the master economist foresaw and warned against the breakdown of the German mark  as well as the market crash of 1929 and the depression that followed. He presents his business cycle theory in its most elaborate form  applies it to the prevailing conditions  and discusses the policies that governments undertake that make recessions worse. He recommends a path for monetary reform that would eliminate business cycles and provide the basis for a sustainable prosperity. In foreseeing the interwar economic breakdown  Mises was nearly alone among his contemporaries. In 1923  he warned that central banks will not \"stabilize\" money; they will distort credit markets and generate booms and busts. In 1928  he departed dramatically from the judgment of his contemporaries and sounded an alarm: \"every boom must one day come to an end.\" Then after the Great Depression hit  he wrote again in 1931. His essay was called: \"The Causes of the Economic Crisis.\" And the essays kept coming  in 1933 and 1946  each explaining that the business cycle results from central-bank generated loose money and cheap credit  and that the cycle can only be made worse by intervention. Did the world listen? The German-speaking world knew his essays well  and he was considered a prophet  until the Nazis came to power and wiped out his legacy. In England  his student F.A. Hayek made the Austrian theory a presence in academic life. In the popular mind  the media  and politics  however  it was Keynes who held sway  with his claim that the depression was the fault of the market  and that it can only be solved through government planning. Just at the time he wanted to be fighting  Mises had to leave Austria  forced out by political events and the rising of the Nazis. He wrote from Geneva  his writings accessible to too few people. They were never translated into English until after his death. Even then  they were not circulated widely. The sad result is that Mises is not given the credit he deserves for having warned about the coming depression  and having seen the solution. His writings were prolific and profound  but they were swallowed up in the rise of the total state and total war. But today  we hear him speak again in this book. Bettina B. Greaves did the translations. It is her view that in that in the essays  Mises provides the clearest explanation of the Great Depression ever written. Indeed  he is crystal clear: precise  patient  and thorough. It makes for a gripping read  especially given that we face many of the same problems today. This book refutes the socialists and Keynesian  as well as anyone who believes that the printing press can provide a way out of trouble. Mises shows who was responsible for driving the world into economic calamity. It was the inevitable effects of the governments monopoly over money and banking. Just as in his attack on socialism  here he was brilliant and brave and prescient. Mises was there  before and after. He was writing about contemporary events. He issued the warnings that the world did not heed  the warnings we must heed today. Hardbound  203 pages plus index ISBN 1-933550-03-1\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":44974585184309,"sku":"ByrdShop_1933550031","price":28.13,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9781933550039.jpg?v=1770665307","url":"https:\/\/atxbooks.com\/products\/the-causes-of-the-economic-crisis-and-other-essays-before-and-after-the-great-depression","provider":"ATX Books","version":"1.0","type":"link"}