Front Page Titles (by Subject) Foreword [to the Original Edition] - The Rationale of Central Banking and the Free Banking Alternative
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Foreword [to the Original Edition] - Vera C. Smith, The Rationale of Central Banking and the Free Banking Alternative 
The Rationale of Central Banking and the Free Banking Alternative, Foreword by Leland Yeager (Indianapolis: Liberty Fund, 1990).
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This essay is a study of the historical and analytical bases of the development of Central Banking, the reasons why the note issue was made the exception to the general application of laissez-faire principles, and why Central Banking was adopted in preference to “Free Banking” with Competition in the note issue.
It has been submitted and approved as a thesis for the Degree of Doctor of Philosophy in the University of London.
My grateful thanks are due to Professor F. A. von Hayek, who first suggested the topic as a subject worthy of research and gave me valuable advice on many occasions. I should like also to acknowledge the assistance given me by the British Library of Political and Economic Science in obtaining some of the less easily accessible material.
Vera C. Smith