
Austria's contribution to investor literature is intellectual and historical rather than corporate: the Austrian School, and the 1931 Creditanstalt failure that turned a European banking problem into a global one. The Creditanstalt story is properly documented; there is still no useful book on modern Austrian business in English.
The Depression ran deep because no country would act as the world's stabiliser.
How the gold standard spread the Depression, and why leaving it early meant recovery.
How four central bankers and the gold standard turned a slump into the Depression.
“I'm going to use "classic" again but rightfully so.” — Christopher Bloomstran
Source: Semper Augustus 2020 Letter to Clients, 'To Read or Not to Read', p. 57
Recommended by: Christopher Bloomstran, Mohnish Pabrai
The definitive study of the bank failure that broke Central European finance.
History of the Vienna school as a network, including its financing and its export to the US.