• publisher: Not FEE
• date: 9/24/1951 12:00:00 AM
• originalFile: 1503_book-review-the-trade-cycle-by-alvin-h-hansen.pdf
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  cially lowering interest rates by credit expansion. 
  Scores of authors try to defend this policy by pro­
  ducing spurious explanations of the trade cycle and 
  by passing over in silence the monetary theory. As 
  they see it, the recurrence of economic crises is in­
  herent in the very nature of the unhampered mar­
  ket economy. 
  The originator of this fallacy was Karl Marx. It 
  is one of the main dogmas of his teachings that 
  the periodical return of commercial crises is an in­
  herent f...

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1503_Book Review: The Trade Cycle by Alvin H. Hansen.pdf