Legislating Instability

Adam Smith, Free Banking, and the Financial Crisis of 1772

Business & Finance, Economics, Money & Monetary Policy, Finance & Investing, Banks & Banking, Economic History
Cover of the book Legislating Instability by Tyler Beck Goodspeed, Harvard University Press
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Author: Tyler Beck Goodspeed ISBN: 9780674969018
Publisher: Harvard University Press Publication: April 4, 2016
Imprint: Harvard University Press Language: English
Author: Tyler Beck Goodspeed
ISBN: 9780674969018
Publisher: Harvard University Press
Publication: April 4, 2016
Imprint: Harvard University Press
Language: English

From 1716 to 1845 Scottish banks were among the most dynamic and resilient in Europe, effectively absorbing economic shocks that rocked markets in London and on the continent. Tyler Beck Goodspeed explains the paradox that Scotland’s banking system achieved this success without the regulations Adam Smith considered necessary for economic stability.

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From 1716 to 1845 Scottish banks were among the most dynamic and resilient in Europe, effectively absorbing economic shocks that rocked markets in London and on the continent. Tyler Beck Goodspeed explains the paradox that Scotland’s banking system achieved this success without the regulations Adam Smith considered necessary for economic stability.

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