Crises and Cycles

Crises and Cycles

By:

Wilhelm Röpke

Book Club members' rating

Click any button below to buy or to see prices and Amazon reviews:


Log in to add to wishlist, library or to rate the book

Summary

It's hard to say what is the most rare, most hard to find, most buried important book, in the history of the Austrian School. But this splendid and critically important treatise would certainly be among the nominees.

Until this edition, this book has been darn-near impossible to obtain short of stealing from the Library of Congress. As a matter of fact, it has been mysteriously missing off the shelves there for years, so the only copies extant have been photocopies of photocopies 50 times over.

So at last: we can present to you Crises and Cycles by one of the greats.

During the thick of the Great Depression, the same year as John Maynard Keynes came out with his treatise, Wilhelm Röpke made this contribution to macroeconomics: an excellent exposition of the Austrian Cycle theory in the tradition of Mises and Hayek.

He refutes Keynes before Keynes became popular, and also provides an argument against other prevailing theories. Röpke is not perfect: while his analysis is excellent, he recommends a reflation after deflation. Nonetheless, this is an important and much-sought-after treatise by an important member of the Austrian School.

Summary courtesy of the Ludwig von Mises Institute. The Mises Institute is the premier organization in support of the free market, peace and prosperity. They provide free educational material, books audio books, lectures and courses that free your mind. This site would not exist were it not for the generosity, hard work and dedication of the Mises Institute, its employees, fellows and its benefactors. Books of Liberty is eternally grateful to all of their work and efforts. Please consider supporting the Mises Institute in any way you can.

Great Deals!

Do you want to get this and many other paperback/hardcover books delivered fast and free? Try Amazon Prime 30-Day Free Trial or give the Gift of Amazon Prime to someone who'd love it!

The FREE Kindle Reading App lets you read your favorite eBooks on most devices (PCs, smartphones, tablets, etc.). Click here to get the FREE Kindle Reading App.
However, you could read this and countless other books on a brand new Kindle E-reader for less than the price of a cup of coffee per week. Click here to choose your favorite Kindle E-reader.
And the best thing is that most Books of Liberty eBooks are actually available through Kindle Unlimited. Join Amazon Kindle Unlimited 30-Day Free Trial to read from over 1 million ebooks and listen to thousands of audiobooks, all for one fixed, low price.

Read or listen for free

Buy elsewhere

Tags

Similar Books

loading

Related Starting Points

Economics

The economics category, as expected, is very well represented within the pages of this site. Of all the economics books, around half are explicitly Austrian Economics texts, and (with a significant overlap) around half discuss monetary theory. You may search specifically for economic treatises or books about economists; you will find historical or theoretical accounts of financial crises; you will stumble upon recent books on crypto-currencies (like bitcoin), books covering topics like income or wealth inequality, as well as more technical subjects like price theory, monopoly, division of labor, public choice theory and others. Additionally, critiques of Keynesian economics are to be found throughout the books in this category.

Of the Austrian Economics books, the largest portion discuss The Austrian Business Cycle and praxeology or human action, but you will find many covering to one degree or another topics like time preference, capital and interest, subjective value, and economic calculation, to name a few.

And for those interested in currency or money, whether sound money or fiat money, you will find books arguing the benefits of the gold standard, debates on inflation and deflation, banking, central banks and the Federal Reserve specifically.

At the heart of the free market system of unregulated, voluntary trade stands capitalism and its emphasis on private property. Unsurprisingly, a large collection of books are available on this subject, many of which outline quite clearly the fundamentals and the outcomes of capitalism, especially in contrast to other economic systems like socialism. Additional related topics, such as free trade, decentralization, risk, uncertainty, and the market process can be found in such books.

A note from the curator: Liberty Classroom provides courses like: Austrian Economics Step by Step, two courses on the History of Economic Thought, and What’s Wrong with Textbook Economics, to name a few. With courses like these, how can you not become a fan of Liberty Classroom? I know I am.

And would you like your homeschoolers to learn economics right the first time around? The Ron Paul Curriculum homeschool program covers 12th grade economics from teachers you can trust. In full disclosure, Books of Liberty will get a small advertising fee for purchases made through our links.


Other classifications

To make things easier to find, we created a few groupings that allow you to narrow down certain topics that include a large number of named individuals, geographical locations, or geopolitical entities. We created the topics: people and groups; areas and nations; economists; and politicians (who, within it, include also nation state leaders and US presidents).

And if you want a book that seems to have a wide variety of topics, you may just want to filter with the word smorgasbord and see what books come up.