Monetary evolution, free banking, and economic order
Author(s)
Bibliographic Information
Monetary evolution, free banking, and economic order
（Studies in the history, methods, and boundaries of economics）
Westview Press, 1992
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Note
Bibliographical references: p. 203-218
Includes index
Description and Table of Contents
Description
Developing the insights of Hayek and others of the Austrian tradition, Professor Horwitz takes an evolutionary approach to money and banking, arguing that an appreciation of the spontaneous processes that produce and maintain our monetary institutions should make us sceptical of attempts to plan or regulate the production of money. Of special interest are his argument for a completely deregulated "free banking" system and what amounts to a revisionist history of the end of the National Banking System and the origins of the Federal Reserve system.
Table of Contents
- Problems with formal models of monetary exchange
- rules, institutions and the evolution of economic order
- money as the language of the market process
- the evolution of monetary order
- regulatory chaos and spontaneous order under the national banking system
- conclusion - money in a non-rationalist approach to economic systems.
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