Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/59460 
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dc.contributor.authorRockoff, Hughen
dc.date.accessioned2012-06-25T11:57:13Z-
dc.date.available2012-06-25T11:57:13Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aRutgers University, Department of Economics |cNew Brunswick, NJen
dc.relation.ispartofseries|aWorking Paper |x2010-04en
dc.subject.ddc330en
dc.subject.stwBankenpolitiken
dc.subject.stwDogmengeschichteen
dc.subject.stwTheorieen
dc.titleParallel journeys: Adam Smith and Milton Friedman on the regulation of banking-
dc.typeWorking Paperen
dc.identifier.ppn635882116en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:rut:rutres:201004en

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