Laissez Faire Banking

By Kevin Dowd

© 1993 – Routledge

392 pages

Purchasing Options:
New in Paperback: 9780415137324
pub: 1996-05-30
US Dollars$83.95
Hardback: 9780415085847
pub: 1993-03-11
US Dollars$195.00

e–Inspection Copy

About the Book

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.

About the Series

Routledge Foundations of the Market Economy

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economics / General