Legislating instability: adam smith, free banking, and the financial crisis of 1772
Auteur :
Goodspeed, Tyler Beck
Éditeur :
Harvard University Press
ISBN :
9780674088887
Date de publication :
4 avr. 2016
Dimensions :
23,5 x 15,6 cm
Langue :
Anglais
Pays d'origine :
USA
From 1716 to 1845 Scottish banks were among the most dynamic and resilient in Europe, effectively absorbing economic shocks that rocked markets in London and on the continent. Tyler Beck Goodspeed explains the paradox that Scotland’s banking system achieved this success without the regulations Adam Smith considered necessary for economic stability.