Bank Deregulation & Monetary Order by George Selgin (English) Paperback Book

Bank Deregulation & Monetary Order by George Selgin

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Format Paperback

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Description Can the 'invisible hand' manage 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.

Publisher 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.

Author Biography

George Selgin is Associate Professor of Economics at the University of Georgia

Details ISBN 1138987670 ISBN-13 9781138987678 Title Bank Deregulation & Monetary Order Author George Selgin Format Paperback Year 2015 Pages 300 Publisher Taylor & Francis Ltd GE_Item_ID:98119956; About Us

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