Free Banking

Books on Free Banking

 

Money and the Market: Essays on Free Banking.  London and New York: Routledge, November 2000. 226 pp. Hardback.

Money and the Nation State: The Financial Revolution, Government and the World Monetary System. (Edited by K. Dowd and R. H. Timberlake, Jr., with a Foreword by Merton H. Miller.) Published by Transaction Publishers (New Brunswick, NJ) under the auspices of the Independent Institute (Oakland, CA), 1998. 453 pp. Hardback and paperback.

Competition and Finance: A New Interpretation of Financial and Monetary Economics.  Basingstoke: Macmillan Press; and New York: St. Martin’s Press, 1996, 572 pp. Hardback and paperback.

[A Chinese language edition of Competition and Finance was published by China Renmin University Press in 2005.]

Laissez-Faire Banking.  London: Routledge, 380 pp. Hardback edition, 1993. Paperback edition, 1996. 

Money and the Market: Essays on Free Banking.  London and New York: Routledge, November 2000. 226 pp. Hardback.

The State and the Monetary System.  Oxford: Philip Allan Publishers; and New York: St. Martin’s Press. 1989. 212 pp. Hardback and paperback.

Private Money: The Path to Monetary Stability.  Hobart Paper No. 112, Institute of Economic Affairs, London, 1988, 71 pp. Second edition, 1996.

[An revised Italian version was published by the Istituto Bruno Leoni in October 2009 under the title Abolire le Banche Centrali with a preface by Franco Spinelli.]

The Experience of Free Banking. London: Routledge. 1992, 275 pp.  Hardback. Reprinted April 1996.

Articles on Free Banking

"Free Banking." Pp. 213-244 in P. J. Boettke and C. J. Coyne (eds) The Oxford Handbook of Austrian Economics, Oxford: Oxford University Press, 2015. 

"How Should the Financial System Be Regulated?" (K. Dowd and M. Hutchinson) Cato Journal, Vol. 34, Number 2 (Spring-Summer 2014), pp. 353-388.

Lessons from the Financial Crisis: A Libertarian Perspective.” Expanded version of the Second Chris R. Tame Memorial Lecture delivered at the National Liberal Club, March 17th 2009. Libertarian Alliance Economic Notes 111.  The presentation is available on the web here. This article was the feature of an article by Bjarni Olafsson in the Icelandic newspaper Morgunbladid Fimmtudagur, April 16th 2009. 

Free Banking.” Pp. 173-190 in A. W. Mullineux and V. Murinde (eds.) Handbook of International Banking. Cheltenham: Edward Elgar. 2003.

Are Free Markets the Cause of Financial Instability?Critical Review, Vol. 14, No. 1, 2000, pp. 57-67.

Central Banks: Who Needs Them?Policy Options, 2001, pp. 37-40.

Paternalism Fails Again - the Sorry Story of the Financial Services Act.” (K. Dowd and Jimmy M. Hinchliffe. Pp. 167-182 in K. Dowd, Money and the Market: Essays on Free Banking. London: Routledge, 2000.

“A Free Retail Investment Market?” (K. Dowd and J. M. Hinchliffe) Economic Affairs, Vol. 19, No. 2, June 1999, pp. 45-47.

“Free Banking: More Relevant than Ever.” The Financial Regulator, Vol. 3, No. 1, June 1998, pp. 41-43.

The Invisible Hand and the Evolution of the Monetary System.”  In J. Smithin (ed.) What is Money? London, Routledge, 1999, pp. 139-156.

“Should the Bank of England be Abolished?Review of Policy Issues, Vol. 2, No. 1, Winter 1996, pp. 3-14.

The Case for Financial Laissez-Faire.Economic Journal, Vol. 106, No. 436, May 1996, pp. 679-687.  [Reprinted as chapter 15 in M. J. B. Hall (ed.) The Regulation and Supervision of Banks, Volume 1: The Case for and Against Banking Regulation. Cheltenham: Edward Elgar, 2001.]

“Money and Banking: the American Experience.” Pp. 1-29 (Chapter 1) in George Edward Durell Foundation, Money and Banking: The American Experience. Fairfax, VA: George Mason University Press, 1995.

“Free Banking.” Pp. 408-413 in P. Boettke (ed.) The Elgar Companion to Austrian Economics, Aldershot: Edward Elgar, December 1994.

Competitive Banking, Bankers’ Clubs, and Bank Regulation.” Journal of Money, Credit, and Banking, Vol. 26, No. 2, May 1994, pp. 289-308. [Reprinted as chapter 14 in M. J. B. Hall (ed.) The Regulation and Supervision of Banks, Volume 1: The Case for and Against Banking Regulation. Cheltenham: Edward Elgar, 2001.

“Free Banking.”  New Economy: Journal of Associative Economics, November-December 1993, pp. 4-6.

Money and the Market: What Role for Government?”  Cato Journal, Vol. 12, No. 3, Winter 1993, pp. 29-45. Translated into Russian and reprinted in Denyezhnaya Reforma v Postkommunisticheskikh Stranakh (Monetary Reform in Postcommunist Countries) edited by J. Dorn and R. M. Nureyev, Moscow: Catallaxy Press, 1996, pp. 79-103.

“The Monetary Economics of Henry Meulen.”  Journal of Money, Credit, and Banking, Vol. 24, May 1992, pp. 173-183.

Models of banking instability: a partial review of the literature.” Journal of Economic Surveys, Vol. 6, No. 2, 1992, pp. 107-132. [Subsequently reprinted in Financial Intermediaries, edited by M. K. Lewis, Cheltenham: Edward Elgar, February 1995.]

Free banking in Australia.” Pp. 48-78 in K. Dowd (ed.), The Experience of Free Banking, Routledge, London, Spring 1992.

"US Banking in the 'Free Banking' Period." Pp. 206-240 in K. Dowd (ed.), The Experience of Free Banking, Routledge, London, Spring 1992.

“Is Banking a Natural Monopoly?”  Kyklos, Vol. 45 No. 3, 1992, pp. 379-392. [Subsequently reprinted in Financial Intermediaries. Edited by M. K. Lewis, Cheltenham: Edward Elgar, February 1995.]

Sechrest on Scottish Free Banking.”  Cato Journal, Vol. 10, No. 3, Winter 1991, pp. 821-824.

Option Clauses and Banknote Suspension.”  Cato Journal, Vol. 10, No. 3, Winter 1991, pp. 761-773.

Does Europe Need a Federal Reserve System?”  Cato Journal, Vol. 10, No. 2, Fall 1990 pp. 423-448.

“The Case for Free Banking.” Economic Affairs, Vol. 10, No. 6, August-September 1990.

Did Central Banks Evolve Naturally?  A Review Essay of Charles Goodhart’s The Evolution of Central Banks.”  Scottish Journal of Political Economy, Vol.37, No. 1, February 1990, pp. 96-104.

“Option Clauses and the Stability of a Laisser Faire Monetary System.”  Journal of Financial Services Research, Vol. 1, No. 4, December 1988, pp. 319-333.

Automatic Stabilizing Mechanisms Under Free Banking.Cato Journal, Vol. 7, No. 3, 1988. pp. 643-59.