Free banking, generically speaking, denotes a monetary system without a central bank, under which the issuing of currency is left to private banks. This book ex

This 2005 treatment compares the central banks of Britain and the United States.

"Lawrence H. White deals with a major issue of the 1990s—reprivatization of money. He makes a cogent argument and presents evidence that private, competing cu

To find more information about Rowman and Littlefield titles, please visit www.rowmanlittlefield.com.

The author argues that free-banking laws enacted before the Civil War generated substantial benefits in the form of a more efficient allocation of capital.