SMITH, VERA C. - The Rationale of Central Banking and the Free Banking Alternative

USA: Liberty, 1990. First Edition. Paperback. ISBN: 0865970874. 216 pages. Bibliography. Index. Reprint of the 1935 First Edition which was written as author's doctoral dissertation under the supervision of Friedrich A. Hayek at the London School of Economics. "Remains an authoritative and accurate summary of the theoretical arguments for and against free banking." - Milton Friedman. "A rare classic in monetary economics. Provides the best account available of how and why the United States and several European countries acquired the central banks that dominate their monetary systems today." - Lawrence H. White, U. of Georgia. Prior owner's ink stamp and signature upon half-title page else unmarked. Moderate wear. Moisture exposure to top edge of latter pages has resulted in minor waviness. Binding sound. Good working copy.; 8vo - over 7¾" - 9¾" tall; BANKS BANKING CENTRAL BUSINESS ECONOMICS banks and Banking Central Europe United States Monetary Systems. Good .

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