Economics

Financial Regulation, Economic Freedom, and Liberty

ABSTRACT

Because of the European financial crises, a new wave of regulations were proposed to solve the problem. This conference looked at general financial regulation, and in various forms, assessed the efficacy of such regulation and its implications for liberty.

READING LIST

From Liberty Fund

The Theory of Money and Credit

by By Ludwig von Mises
Introduction by Lionel Robbins
Foreword by Murray N. Rothbard

The Theory of Money and Credit integrated monetary theory into the main body of economic analysis for the first time, providing fresh, new insights into the nature of money and its role in the economy and bringing Mises into the front rank of European economists.

The Theory of Money and…

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The Rationale of Central Banking

by By Vera C. Smith
Foreword by Leland B. Yeager

The Rationale of Central Banking was first published in England in 1936. Vera Smith spent her professional career in a variety of research positions. She wrote articles and books on money, banking, economic development, and the labor market and translated into English books by Wilhelm Röpke, Oskar Morgenstern, and Fritz…

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Additional Readings

Barth, James R., Gerard Caprio Jr., and Ross Levine. Rethinking Bank Regulation: Till Angels Govern. Cambridge: Cambridge University Press, 2006.

Bastiat, Frédéric. Selected Essays in Political Economy. Edited by George B. de Huszar. Irvington-on-Hudson: Foundation for Economic Education, 1995. http://oll.libertyfund.org/title/956 (accessed January 18, 2010).

Coase, Ronald. "The Problem of Social Cost." Journal of Law and Economics 3 (October 1960): 1-44.

Dowd, Kevin, Martin Hutchinson, Jimi Hinchliffe, and Simon Ashby. “Capital Inadequacies: The Dismal Failure of the Basel Regime of Bank Capital Regulation.” Policy Analysis No. 681, Cato (July 29, 2011): 7-10, 27-32.

Friedman, Jeffrey and Wladimir Kraus. “A Silver Lining to the Financial Crisis: A More Realistic View of Capitalism.” American Enterprise Institute for Public Policy Research (January 2010): 1-8.

Friedman, Milton and Anna J. Schwartz. “Has the Government Any Role in Money?” Journal of Monetary Economics 17 (1986): 37-62.

Hayek, F. A. The Constitution of Liberty. Chicago: University of Chicago Press, 1978.

Hayek, F. A. The Collected Works of F. A. Hayek, Volume II: The Road to Serfdom - Text and Documents - The Definitive Edition. Edited by Bruce Caldwell. Chicago: The University of Chicago Press, 2007.

Lal, Deepak. “The Great Clash of 2008: Causes and Consequences.” Cato Journal 40, no. 2 (Summer 2010): 265-277.

Levi-Faur, David. “The Global Diffusion of Regulatory Capitalism.” Annals of the American Academy of Political and Social Science 598 (March 2005): 12-32.

Monex International. “An exclusive interview with Nobel Laureate Dr. Friedrich A. von Hayek.” Gold and Silver Newsletter (June 1975): 1-5.

Mülbert, Peter O. “Corporate Governance of Banks after the Financial Crisis - Theory, Evidence, Reforms.” ECGI Working Paper Series in Law 151 (2010): 1-39.

Ogus, Anthony, “Economics and the Design of Regulatory Law” In The Legal Foundations of Free Market, edited by Stephen F. Copp, 104-126. London: The Institute of Economic Affairs, 2008.

Roberts, Russell. “Gambling with Other People's Money: How Perverted Incentives Caused the Financial Crisis.” Mercatus Center (May 2010): 7-9.

Schwartz, Anna J. “Origins of the Financial Market Crisis of 2008.” Cato Journal 29 (Winter 2009): 19-23.

Steil, Ben. “Debt and Systemic Risk: The Contribution of Fiscal and Monetary Policy.” Cato Journal 30, no. 2 (Spring/Summer 2010): 391-396.