"Just about every interesting question that could be asked about reforming the monetary system is discussed by the distinguished contributors to this volume. It is essential reading."
-David Laidler, University
of Western Ontario
In this book some of the world's most eminent monetary economists debate how policy makers could bring about a more stable, less inflationary monetary system. Among the ideas considered are a monetary price rule, a gold standard, constitutional restrictions on the monetary authorities, and the privatization of money. About all that the authors agree on is that the present system--a central bank with unlimited discretion in issuing fiat money--doesn't work very well. Three Nobel laureates--Milton Friedman, F.A. Hayek, and James M. Buchanan--are among the contributors (including commentators) to this seminal volume, along with William Poole, Michael D. Bordo, Lawrence K. Roos Gottifried Haberler, Peter Bernholz, and Roland Vaubel.
James A.Dorn is editor of the Cato Journal and an associate professor of economics at Towson State University. Anna J.Schwartz is a research associate at the National Bureau of Economic Research and coauthor of A Monetary History of the United States.
This book contains the papers presented at a Cato Institute conference on January 21-22, 1983.
1987/408pp./$3.00 paper ISBN: 0-226-15830-6
[ Ordering Information | Book Index | Publications | Home ]