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Synopsis
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.
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About the Author
Kevin Dowd is Yorkshire Bank Professor of Financial Economics at Sheffield Hallam University.
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- PublisherRoutledge
- Publication date1993
- ISBN 10 0415085845
- ISBN 13 9780415085847
- BindingHardcover
- LanguageEnglish
- Edition number1
- Number of pages400
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Laissez Faire Banking (Routledge Foundations of the Market Economy)
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ISBN 10: 0415085845
ISBN 13: 9780415085847
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Laissez-faire banking.
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ISBN 10: 0415085845
ISBN 13: 9780415085847
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