Classical Liberal Perspectives on Banking and Financial Regulation

44 Pages Posted: 8 Nov 2023

See all articles by Lawrence H. White

Lawrence H. White

George Mason University - Department of Economics; George Mason University - Mercatus Center

Date Written: October 11, 2023

Abstract

This essay critically surveys classical liberal perspectives on banking and finance from the Scholastics to modern times. It covers arguments regarding state monopoly and debasement of coinage, legal privileges and legal restrictions in banking (with particular emphasis on Adam Smith and his influence), central banking, deposit insurance and other banking regulations, freedom of securities markets, and cryptocurrency.

Keywords: classical liberalism, free banking, finance, private coinage, laissez faire

JEL Classification: B26, E42, G21

Suggested Citation

White, Lawrence H., Classical Liberal Perspectives on Banking and Financial Regulation (October 11, 2023). Available at SSRN: https://ssrn.com/abstract=4598595 or http://dx.doi.org/10.2139/ssrn.4598595

Lawrence H. White (Contact Author)

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States

George Mason University - Mercatus Center ( email )

3434 Washington Blvd., 4th Floor
Arlington, VA 22201
United States

HOME PAGE: http://ppe.mercatus.org/scholars/lawrence-h-white

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