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Mere Quibbles: Bagus and Howden's Critique of The Theory of Free Banking

George Selgin

University of Georgia

April 4, 2011

Despite its title, Philipp Bagus and David Howden's critique of The Theory of Free Banking does more than merely "quibble" with that book's arguments: their criticisms of those arguments are such as to suggest that the very foundation upon which my defense of free banking rests is deeply flawed. Here I defend my work against Bagus and Howden's criticisms, by showing that they rest upon careless or disingenuous readings of my arguments and a poor grasp of basic monetary economics.

Number of Pages in PDF File: 26

Keywords: free banking, fractional reserves, Austrian theory of the business cycle

JEL Classification: E31, E32, E41, E42, G21

working papers series

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Date posted: April 2, 2011 ; Last revised: April 8, 2011

Suggested Citation

Selgin, George, Mere Quibbles: Bagus and Howden's Critique of The Theory of Free Banking (April 4, 2011). Available at SSRN: http://ssrn.com/abstract=1800813 or http://dx.doi.org/10.2139/ssrn.1800813

Contact Information

George Selgin (Contact Author)
University of Georgia ( email )
Athens, GA 30602-6254
United States
706-542-2734 (Phone)
706-542-3376 (Fax)
HOME PAGE: http://www.terry.uga.edu/~selgin/
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