Search results for ""author lawrence h. white""

The U.S. banking system, its regulation and deregulation, and especially its deposit guarantees, continue to pose complex problems. The Crisis in American Banking offers six original perspectives on this continuing crisis, drawing from modern Austrian economics and from public choice theories that have seldom been applied to contemporary banking troubles. The contributors suggest that political regulation has seriously impaired the health of the banking industry. The authors consider long-term prospects for reform in the banking industry in light of the regulatory environment Much in the news lately, the U.S. banking system, its regulation and deregulation, and its troubles, pose a persistent and complex problem for Americans. This timely volume offers six original perspectives keyed to the continuing crisis in the U.S. banking industry. Several authors draw from modern Austrian economics or from public choice theory ideas that have seldom been applied to explaining contemporary banking problems. A pervasive theme of the ideas presented is that the U.S. banking crisis is fundamentally linked to the political regulation of banking. Taken as a whole, the book suggests that government regulatory, macroeconomic, and fiscal policies have seriously impaired the health of the banking industry. The Crisis in American Banking compellingly explains how rent-seeking, ideology, and the historical accretion of regulations have given banking policy its current unfortunate form. Also considered are the long term prospects for reform of banking regulation, and for the banking industry itself in light of the current and foreseeable regulatory environment. At present, the state of the U.S. commercial banking industry and the FDIC suggests disturbing parallels to the state of the savings and loan industry and the FSLIC a decade earlier. The policy regime that allowed their problems to develop does not seem to be on the verge of any dramatic change. The reluctance of Congress to enact real reforms means that the critical analyses and reform proposals in this volume will remain relevant for some time to come.Contributing to the volume are: Gerald P. Driscoll, Jr. (Vice President and Economic Advisor, Federal Reserve Bank of Dallas), Roger W. Garrison (Auburn University), Thomas Havrilesky (Duke University), George G. Kaufman (Loyola University of Chicago), Richard M. Salsman (Vice President, Financial Institutions Group of Citibank), and Walker Todd (Gulliver Foundation, San Francisco).

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"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 currencies would provide more monetary stability than do central banks. Surprisingly enough, modern private money may emerge first in Eastern Europe, where the gap between the economy's need and the government's money is greates." —Richard Rahn, Vice President and Chief Economists, U.S. Chamber of Commerce. "Boldly, White makes a persuasive case for free banking....In time, we may well look back and regard Competition and Currency as crucial in the development of the economy and economic thought of the future." — The New York City Tribune "White is a leading analyst of a laissez-faire monetary system featuring a privately issued money supply. HIs perceptive insights force a rethinking of our present regulated monetary system and of what kind of reforms will remedy its defects. Avery worthwhile collection of essays for all students of monetary theory." —Philip Cagan, Columbia University "White is a leading analyst of a laissez-faire monetary system featuring a privately issued money supply. HIs perceptive insights force a rethinking of our present regulated monetary system and of what kind of reforms will remedy its defects. A very worthwhile collection of essays for all students of monetary theory." —Phillip Cagan, Columbia University "Newcomers to the literature...would be recommended to start with White's volume, where each paper is self-contained in its handling of particular aspects of free banking...Highly recommended as clear, well-argued expositions of the case for free banking, challenging assumptions common to much of monetary economics. It is particularly apposite that these assumptions be questioned at a time when institutional reform is so much on the agenda." —Sheila C. Dow, The Economic Journal

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Este libro nos acerca a las más señaladas disputas entre economistas, y a la relación entre los planteamientos teóricos y los grandes experimentos de política económica de los últimos cien años. White nos ofrece una lúcida visión del liberalismo económico, la economía mixta, el socialismo y el fascismo, los locos años veinte, las teorías del ciclo económico y la Gran Depresión, la economía institucionalista y el New Deal, la revolución keynesiana, la influencia de la guerra en las doctrinas económicas, las nacionalizaciones y la planificación centralizada.En definiva, un viaje por las ideas que han marcado el pensamiento económico hasta su forma actual: ¿Cómo combatir la pobreza, la desigualdad, el paro? ¿Cómo promover un crecimiento equilibrado? ¿Austeridad, gasto público, regulación, privatizaciones? ¿Una política monetaria restrictiva o laxa? ¿Qué tipo de reforma del mercado laboral? ¿Ahorro, consumo, inversión, productividad? En la actualidad, cuando el eje central de todo proyecto político es su programa económico, la lectura de esta obra ayuda a entender la raíz de las opciones que pugnan por el poder.

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The question of free banking - or laissez-faire in money - raises fundamental theoretical, historical and normative issues. Discussions of free banking contemplate the consequences of abolishing government central banks, and allowing unrestricted money issue by private banks.Research on free banking questions has expanded tremendously in the past two decades. These three volumes collect the most important modern articles on the theory, history and policy implications of free banking. The literature is marked by a number of sharp intellectual controversies, and the editor has included both sides of the most important debates. The editor's introduction provides a fresh perspective on the developments in monetary theory and in the real world that have stimulated the several strands of research represented here.

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