The power of the state to issue currency and control the monetary system is so entrenched, and the presumption among economists that money must be supplied monopolistically by a central authority is so widespread, that the notion that money could be supplied competitively has rarely been taken seriously. This book boldly challenges the conventional view that the state must play a dominant role in the monetary system. Part I explores the historical evidence and examines how a well-developed monetary system might have developed without any special role for the state. Part II offers a theory for a competitive supply of money and uses it to shed light on the development of monetary theory and the course of monetary history over the past two centuries. In Part III the author outlines new proposals for monetary reform that will protect the financial system against instability and will ensure macroeconomic stability.

Free Banking and Monetary Reform

Business & Money

Glasner, David

Economics

Cambridge University Press

A careful and thorough study of the structure, evolution, and recurrent crises of petroleum markets through a discussion of the chaos in the market between 1973-1979 which grew to a crescendo with the creation of the Department of Energy and sets the stage for future energy catastrophes.

Politics, Prices and Petroleum: The Political Economy of Energy (Pacific Studies in Public Policy)

Pacific Research Inst for Public

Politics Prices and Petroleum: The Political Economy of Energy (Pacific Studies in Public Policy)

Zycher, Benjamin

MacAvoy, Paul W.

This book presents an alternative approach to monetary theory that differs from the General Theory of Keynes, the Monetarism of Friedman, and the New Classicism of Lucas. Particular attention is given to the work of Hawtrey and his analysis of financial crises and his explanation of the Great Depression. The unduly neglected monetary theory of Hawtrey is examined in the context of his contemporaries Keynes and Hayek and the subsequent contributions of Friedman and of the Monetary Approach to the Balance of Payments. Studies in the History of Monetary Theory&nbsp;aims to highlight the misunderstandings of the quantity theory and the price-specie-flow mechanism and to explain their unfortunate consequences for the subsequent development of monetary theory. The book is relevant to researchers, students, and policymakers interested in the history of economic thought, monetary theory, and monetary policy.

Studies in the History of Monetary Theory: Controversies and Clarifications (Palgrave Studies in the History of Economic Thought)

PALGRAVE~MACMILLAN

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Books by Glasner, David