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The Great Depression.

ROBBINS, Lionel.

The Great Depression.

Published: Macmillan and Co., Limited, 1934

Stock code: 84590

Price: £150

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First edition. “In macroeconomis Robbins was a firm exponent of the Austrian theory of the trade cycle and here he was greatly influenced by Frederick von Hayek, who he brought to LSE from Vienna in 1928. The central feature of the Austrian analysis was that depression was due primarily to under-saving (or excess consumption) and these views, which Robbins expounded as an explanation of the 1930s depression in his book The Great Depression, led to a head-on collision between the senior LSE economists and the Cambridge school centred around Keynes. This rift was not finally healed until the wartime collaboration in Whitehall between Robbins and Keynes” (The New Palgrave 4, p. 207).

Octavo (216 x 135 mm). Publisher’s cloth, spine lettered gilt, with the dust jacket. Ownership inscription dated 1934 to the front free endpaper and ex libris to front pastedown. Dust jacket darkened, with some chipping and a short split to the lower joint.

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