Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/59460
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dc.contributor.authorRockoff, Hughen_US
dc.date.accessioned2012-06-25T11:57:13Z-
dc.date.available2012-06-25T11:57:13Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/59460-
dc.description.abstractAdam Smith and Milton Friedman are famous for championing Laissez Faire, yet both supported government regulation of the banking system. In both cases their deviation from free market orthodoxy was based on a careful reading of financial history: especially Smith's reading of the Crisis of 1772 and Friedman's reading of the Crisis of 1929-33. In both cases they based their reading on a complex and nuanced account of human nature. This paper describes their parallel journeys to the conclusion that banking requires government regulation.en_US
dc.language.isoengen_US
dc.publisher|aDep. of Economics, Rutgers, the State Univ. of New Jersey |cNew Brunswick, NJen_US
dc.relation.ispartofseries|aWorking Papers, Department of Economics, Rutgers, the State University of New Jersey |x2010,04en_US
dc.subject.ddc330en_US
dc.subject.stwBankenpolitiken_US
dc.subject.stwDogmengeschichteen_US
dc.subject.stwTheorieen_US
dc.titleParallel journeys: Adam Smith and Milton Friedman on the regulation of bankingen_US
dc.typeWorking Paperen_US
dc.identifier.ppn635882116en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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