The Experience of Free Banking

The Experience of Free Banking

by Kevin Dowd
     
 
For many years, the philosophy of central banking reigned supreme, and was virtually unquestioned despite its shortcomings. Yet these problems--especially the inability to produce currency that does not inflate--have led to a resurgence in free, or laissez faire, banking. Some of this interest has focused on theoretical issues, but much historical work has been

Overview

For many years, the philosophy of central banking reigned supreme, and was virtually unquestioned despite its shortcomings. Yet these problems--especially the inability to produce currency that does not inflate--have led to a resurgence in free, or laissez faire, banking. Some of this interest has focused on theoretical issues, but much historical work has been compiled on places and periods that experienced some form of free banking.

The Experience of Free Banking contains the widest summary to date of this work, including assessments of free banking in Australia, the United States, Canada, China, Colombia, France, Scotland, and Switzerland, and a world overview. Competition in banking has been suppressed because it triggers rapid inflation, will destabilize the banking industry, and because banking is a natural monopoly. These case studies provide a historical laboratory in which these assumptions about free banking are tested, and in almost every instance, found to be invalid.

Product Details

ISBN-13:
9780415048088
Publisher:
Routledge
Publication date:
04/28/1992
Pages:
288
Product dimensions:
8.00(w) x 10.00(h) x 2.00(d)
Lexile:
1510L (what's this?)
Age Range:
18 Years

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >