| Laissez Faire Banking Revised Edition Contributor(s): Dowd, Kevin (Author) |
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ISBN: 0415137322 ISBN-13: 9780415137324 Publisher: Routledge OUR PRICE: $66.45 Product Type: Paperback - Other Formats Published: May 1996 Annotation: The idea of free (or laissez-faire) banking has enjoyed a remarkable renaissance in recent years. It is a novel idea that challenges much of what many banking scholars still take for granted - that banking is inherently unstable, that the banking system needs a lender of last resort or deposit insurance to defend it in a crisis, and that the government has to protect the value of the currency. Against this free banking sets an argument which is in essence very simple: if markets are generally better at allocating resources than governments, then what is different about money and the industry that provides it and why? Laissez-Faire Banking is divided into three interelated sections, dealing with the theory of free banking, historical experiences of it and present-day monetary and banking reforms based on free banking principles. |
| Additional Information |
| BISAC Categories: - Business & Economics | Banks & Banking - Business & Economics | Economics - General |
| Dewey: 332.1 |
| Lexile Measure: 1570 |
| Series: Routledge Foundations of the Market Economy |
| Physical Information: 0.87" H x 5.51" W x 8.5" (1.09 lbs) 388 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: The idea of free (or laissez-faire) banking has enjoyed a remarkable renaissance in recent years. It is a novel idea that challenges much of what many banking scholars still take for granted - that banking is inherently unstable, that the banking system needs a lender of last resort or deposit insurance to defend it in a crisis, and that the Government has to protect the value of the currency. Against this free banking sets an argument which is in essence very simple: if markets are generally better at allocating resources than governments, then what is different about money and the industry that provides it and why? Laissez-Faire Banking is divided into three inter-related sections, dealing with the theory of free banking, historical experiences of it and present-day monetary and banking reforms based on free banking principles. |