Legislating Instability: Adam Smith, Free Banking, And The Financial Crisis Of 1772

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 ScotlandÆs banking system achieved this success without the regulations Adam Smith considered necessary for economic stability.

• | Author: Tyler Beck Goodspeed
• | Publisher: Harvard University Press
• | Publication Date: Apr 04, 2016
• | Number of Pages: 224 pages
• | Language: English
• | Binding: Hardcover/Business & Economics
• | ISBN-10: 0674088883
• | ISBN-13: 9780674088887