Depression, War, and Cold War

“Robert Higgs is a contrarian and an iconoclast. He believes that economists and historians have misunderstood U.S. economic history during the middle decades of the 20th century.” * American Journal of Sociology *“Thoughtful and detailed criticism.” – Hugh T. Rockoff, professor of economics, Rutgers University“Necessary correctives to the popular and scholarly willingness to remain emotionally invested in erroneous explanations.” * Journal of American Studies *“An important book. Those interested in the interaction between the domestic economy, war, and heavily armed peace will find it essential reading.” – Paul Johnson, author of “A real eye opener and bold foray into contemporary political economy.” – Richard E. Sylla, Henry Kaufman Professor of the History of Financial Institutions and Markets, New York University“Key challenges to both the macromonetary and Keynesian explanations of the American experience in the era of depression and world war.” * Journal of Markets & Morality *

Robert Higgs is Retired Senior Fellow in Political Economy, Founding Editor and former Editor at Large of the Independent Institute’s quarterly journal The Independent Review: A Journal of Political Economy. He received his Ph.D. in economics from Johns Hopkins University, and he has taught at the University of Washington, Lafayette College, Seattle University, the University of Economics, Prague, and George Mason University. He has been a visiting scholar at Oxford University and Stanford University, and a fellow for the Hoover Institution and the National Science Foundation. His many books include Crisis and Leviathan; Depression, War, and Cold War; After Leviathan; Delusions of Power; Neither Liberty Nor Safety; Resurgence of the Warfare State; Taking a Stand; and multiple edited collections.