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Vera C. Smith, The Rationale of Central Banking and the Free Banking Alternative [1936]

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The Rationale of Central Banking and the Free Banking Alternative, Foreword by Leland Yeager (Indianapolis: Liberty Fund, 1990).


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About this title:

Written as a doctoral dissertation under Friedrich Hayek at the London School of Economics in the early 1930s, the book covers the history of free banking in the 19th century and reviews the theoretical arguments both for and against the idea of free banking.

About Liberty Fund:

Liberty Fund, Inc. is a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals.


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