{"id":553,"date":"2024-08-01T18:57:53","date_gmt":"2024-08-02T00:57:53","guid":{"rendered":"https:\/\/marginalnonhermit.com\/?p=553"},"modified":"2025-05-14T16:19:48","modified_gmt":"2025-05-14T22:19:48","slug":"rothbards-americas-great-depression-chapter-3-part-2","status":"publish","type":"post","link":"https:\/\/marginalnonhermit.com\/?p=553","title":{"rendered":"Rothbard&#8217;s <i>America&#8217;s Great Depression<\/i>, Chapter 3, Part 2"},"content":{"rendered":"\n<iframe id=\"odysee-iframe\" style=\"width:100%; aspect-ratio:16 \/ 9;\" src=\"https:\/\/odysee.com\/$\/embed\/@MarginalNonHermit:3\/Americas-Great-Depression-ch3p2:b?r=8gvoByECHNgc2BfQ5o91oxf89bpi1Ui4\" allowfullscreen><\/iframe>\n\n\n\n<p class=\"\">This last part of chapter 3 finishes out part one of the book, and should be the last bit of really heavy lifting in economic theory. The next part starts Rothbard&#8217;s historical examination of the circumstances leading up to the Great Depression, so we may find things less dense, but who knows!<\/p>\n\n\n\n<p class=\"\">My notes can be found <a href=\"https:\/\/marginalnonhermit.com\/wp-content\/uploads\/2024\/08\/rothbard-depression-notes-ch3p2.pdf\">here<\/a>.<\/p>\n\n\n\n<p class=\"\">Return to the series list <a href=\"https:\/\/marginalnonhermit.com\/?page_id=763\">here<\/a>.<\/p>\n\n\n\n<p class=\"\">This video is available on <a href=\"https:\/\/odysee.com\/@MarginalNonHermit:3\/Americas-Great-Depression-ch3p2:b\">Odysee<\/a>, <a href=\"https:\/\/old.bitchute.com\/video\/QyLt5Pu1obGr\/\">BitChute<\/a>, and <a href=\"https:\/\/www.youtube.com\/watch?v=xq8pn24ifzQ\">YouTube<\/a>!<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"\">Now, for <strong>references<\/strong>:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li class=\"\">Hansen&#8217;s paper <a href=\"https:\/\/scholar.google.com\/scholar?hl=en&amp;as_sdt=0%2C32&amp;q=alvin+h+hansen+economic+progress+declining+population+growth&amp;btnG=\">&#8220;Economic Progress and Declining Population Growth&#8221;<\/a><\/li>\n\n\n\n<li class=\"\">George Terborgh&#8217;s book <a href=\"ttps:\/\/archive.org\/details\/bogeyofeconomicm0000terb\/mode\/2up\">&#8220;The Bogey of Economic Maturity&#8221;<\/a><\/li>\n\n\n\n<li class=\"\">Hansen&#8217;s book <a href=\"https:\/\/archive.org\/details\/in.ernet.dli.2015.189427\/page\/n307\/mode\/2up\">&#8220;Economic Policy and Full Employment,&#8221;<\/a> specifically Appendix B, his response to Terborgh<\/li>\n\n\n\n<li class=\"\">Jeff Herbener&#8217;s <a href=\"https:\/\/youtu.be\/7yZFlRXJdGg\">talk<\/a> on how prices move and are generated in different economic theories<\/li>\n\n\n\n<li class=\"\">Schumpeter&#8217;s book <a href=\"https:\/\/archive.org\/details\/theoryofeconomic0000schu\/page\/n7\/mode\/2up\">&#8220;The Theory of Economic Development&#8221;<\/a><\/li>\n\n\n\n<li class=\"\">Schumpeter&#8217;s book <a href=\"https:\/\/archive.org\/details\/businesscyclesth0000schu\">&#8220;Business Cycles&#8221;<\/a><\/li>\n\n\n\n<li class=\"\">Clemence and Doody&#8217;s <a href=\"https:\/\/archive.org\/details\/schumpeteriansys0000clem\/page\/n5\/mode\/2up\">defense<\/a> of Schumpeter&#8217;s work<\/li>\n\n\n\n<li class=\"\">Carolyn Shaw Solo&#8217;s <a href=\"https:\/\/academic.oup.com\/qje\/article-abstract\/65\/3\/417\/1835085\">critique of Schumpeter<\/a> (paywalled)<\/li>\n\n\n\n<li class=\"\">Simon Kuznets&#8217;s <a href=\"https:\/\/scholar.google.com\/scholar?hl=en&amp;as_sdt=0%2C32&amp;q=kuznets+schumpeter%27s+business+cycles&amp;btnG=\">criticism of Schumpeter<\/a><\/li>\n\n\n\n<li class=\"\">Fritz Machlup&#8217;s book <a href=\"https:\/\/archive.org\/details\/bub_gb_LjeLzbc9GiYC\">&#8220;The Stock Market, Credit, and Capital Formation,&#8221;<\/a> containing a discussion of qualitative credit theories<\/li>\n\n\n\n<li class=\"\">A <a href=\"https:\/\/www.investopedia.com\/terms\/s\/self-liquidating-loan.asp\">definition and description<\/a> of self-liquidating loans<\/li>\n\n\n\n<li class=\"\">Bassie&#8217;s paper <a href=\"https:\/\/www.nber.org\/system\/files\/chapters\/c2900\/c2900.pdf\">&#8220;Recent Developments in Short-Term Forecasting&#8221;<\/a><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>This last part of chapter 3 finishes out part one of the book, and should be the last bit of really heavy lifting in economic theory. The next part starts Rothbard&#8217;s historical examination of the circumstances leading up to the Great Depression, so we may find things less dense, but who knows! My notes can [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,2],"tags":[37,198,65,196,199],"class_list":["post-553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economics","category-video-link","tag-economics","tag-great-depression","tag-money","tag-rothbard","tag-study-guide"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/marginalnonhermit.com\/wp-content\/uploads\/2023\/12\/Rothbard_70s.jpg?fit=445%2C576&ssl=1","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/posts\/553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=553"}],"version-history":[{"count":4,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/posts\/553\/revisions"}],"predecessor-version":[{"id":783,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/posts\/553\/revisions\/783"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/media\/487"}],"wp:attachment":[{"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}