Description
Can the 'invisible hand' handle money? George Selgin challenges the view that government regulation creates monetary order and stability, and instead shows it to be the main source of monetary crisis.
The volume is divided into three sections:
* Part I refutes conventional wisdom holding that any monetary system lacking government regulation is 'inherently unstable', and looks at the workings of market forces in an otherwise unregulated banking system.
* Part II draws on both theory and historical experience to show how various kinds of government interference undermine the inherent efficiency, safety, and stability of a free monetary system.
* Part III completes the argument by addressing the popular misconception that a monetary system is unsound unless it delivers a stable output price-level.
About the Author
George Selgin is Associate Professor of Economics at the University of Georgia
Book Information
ISBN 9781138987678
Author George Selgin
Format Paperback
Page Count 300
Imprint Routledge
Publisher Taylor & Francis Ltd
Weight(grams) 430g
