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download pdf file the rationale of central banking and the free banking alternative
Vera Smith's book remains an authoritative and accurate summary of the theoretical arguments for and against free banking, a subject that has recently received renewed attention. —Milton Friedman, Hoover Institution 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 Machlup. This book provides a scholarly review and judiciou...