Denationalisation of money : the argument refined. --

Londres, Inglaterra : Institute of Economic Affairs -IEA-, 1990, c1976

3 ed.

144 p. ; 22 cm.

Hobart paper ; 70

0255362390

El ejemplar 538955 pertenece a la colección George Pearson (GP), ubicada en el Bib-108, primer nivel.

Introduction to the third edition. -- I. The practical proposal. -- II. The generalisation of the underlying principle. -- III. The origin of the government prerogative of making money. -- IV. The persistent abuse of the government prerogative. -- V. The mystique of legal tender. -- VI. The confusion about Gersham's law. -- VII. The limited experience with parallel currencies and trade coins. -- VIII. Putting private token money into circulation. -- IX. Competition between banks issuing different currencies. -- X. A digression on the definition of money. -- XI. The possibility of controlling the value of a competitive currency. -- XII. Which sort of currency would the public select? -- XIII. Which value of money? -- XIV. The uselessness of the quantity theory for our purposes. -- XV. The desirable behaviour of the supply of currency. -- XVI. Free banking. -- XVII. No more general inflation or deflation? -- XVIII. Monetary policy neither desirable nor possible. -- XIX. A better discipline than fixed rates of exchange. -- XX. Should there be separate currency areas? -- XXI. The effects on government finance and expenditure. -- XXII. Problems of transition. -- XXIII. Protection against the state. -- XXIV. The long-run prospects. -- XXV. Conclusions. --

Tomado de la contraportada: "Summary: 1. The government monopoly of money must be abolished to stop the recurring bouts of acute inflation and deflation that have become accentuated during the last 70 years. -- 2. Abolition is also the cure for the more deep-seated disease of the recurring waves of depression and unemployment attributed to 'capitalism'. -- 3. The monopoly of money by government has relieved it of the need to keep its expenditure within its revenue and has thus precipitated the spectacular increase in government expenditure over the last 40 years.... "