Economics

Liberty and Banking: The British Free Banking School

ABSTRACT

The colloquium explored the arguments of the leading British free banking advocates of the 1800–1850 period; of their most important predecessor, Adam Smith; and of the people they influenced.

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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Additional Readings

Bagehot, Walter. Lombard Street: A Description of the Money Market. London: Henry S. King and Co., 1873. http://www.econlib.org/library/Bagehot/bagLom1.html (accessed ).

Bailey, Samuel, “A Defence of Joint-Stock Banks, and Country Issues” In Free Banking, Volume 1: Nineteenth Century Thought, edited by Lawrence H. White, 17-44. Aldershot, United Kingdom: Edward Elgar Publishing, 1993.

Gilbart, James William, “Untitled essay: review of eight monetary pamphlets and monographs” In Free Banking, Volume 1: Nineteenth Century Thought, edited by Lawrence H. White, 89-131. Aldershot, United Kingdom: Edward Elgar Publishing, 1993.

Hayek, F. A. Good Money, Part II. Edited by Stephen Kresge. Indianapolis: Liberty Fund, 2009.

Hildreth, Richard, “Banks, Banking, and Paper Currencies” In Free Banking, Volume 1: Nineteenth Century Thought, edited by Lawrence H. White, 109-113, 117-122, 144-153, and 156-165. Aldershot, United Kingdom: Edward Elgar Publishing, 1993.

Hodgskin, Thomas, “Popular Political Economy (excerpt)” In Free Banking, Volume 1: Nineteenth Century Thought, edited by Lawrence H. White, 178-218. Aldershot, United Kingdom: Edward Elgar Publishing, 1993.

Leggett, William. Democratick Editorials: Essays in Jacksonian Political Economy. Edited by Lawrence H. White. Indianapolis: LibertyClassics, 1984.

Mises, Ludwig von. Human Action: A Treatise on Economics. Edited by Bettina Bien Greaves. Indianapolis: Liberty Fund, Inc., 2007.

Mushet, Robert, “An Attempt to Explain from Facts the Effect of the Issues of the Bank of England upon Its Own Interests, Public Credit, and Country Banks” In Free Banking, Volume 1: Nineteenth Century Thought, edited by Lawrence H. White, 201-207. Aldershot, United Kingdom: Edward Elgar Publishing, 1993.

Scrope, George Poulett. “The Rights of Industry and the Banking System.” Quarterly Review 47 (July 1832): 439-457.

Smith, Adam. An Inquiry into the Nature and Causes of the Wealth of Nations: Volume 1. Indianapolis: LibertyClassics, 1981.

Thornton, Henry. An Enquiry into the Nature and Effects of the Paper Credit of Great Britain. London: George Allen and Unwin, 1939.

White, Lawrence H. Free Banking in Britain. London: Institute of Economic Affairs, 1995.