Renewing the Search for a Monetary Constitution: Reforming Government's Role in the Monetary System

by Lawrence H. White (Editor), Viktor J. Vanberg (Editor), Ekkehard A. Kohler (Editor)

Overview

Over 50 years ago, In Search of a Monetary Constitution, which focused on the need for constraints on the creation of money by the government, was published. Although overlooked at the time, the work's analysis has proven to be remarkably prescient. This new collection of essays, Renewing the Search for a Monetary Constitution: Reforming Government's Role in the Monetary System, commemorates the 50th anniversary of the first edition by revisiting and re-energizing the original intent.

Since the publication of the original book, central banks have delivered neither sound money nor real growth; instead, chronic inflation and a series of booms and busts have prevailed. In this new collection, scholars call for monetary reform centered on the debate over creating constitutional provisions that empower government versus provisions that prohibit government interference with money. The aim of Renewing the Search for a Monetary Constitution is to revitalize public discussion of constitutional monetary reform. It's a must-read for anyone who wants to change the domination of our monetary system by the government.

Product Details

ISBN-13:	9781939709677
Publisher:	Cato Institute
Publication date:	02/16/2015
Sold by:	Barnes & Noble
Format:	eBook
Pages:	292
File size:	3 MB

About the Author

Lawrence H. White is Professor of Economics at George Mason University and a Senior Fellow of the Cato Institute. Best known for his work on free banking, White is the author of The Clash of Economic Ideas (2012), The Theory of Monetary Institutions (1999), Free Banking in Britain (2nd ed., 1995), and Competition and Currency (1989). His research has appeared in the American Economic Review and other leading economics journals. His popular writings have appeared in the Wall Street Journal and elsewhere.
Dr. Viktor Vanberg is Senior Research Fellow, Chairman of the Board, and former Director of the Walter Eucken Institute in Freiburg-im-Breisgau, Germany. Previously he was Professor of Economic Policy at the University of Freiburg, and Professor of Economics at George Mason University.
Ekkehard Köhler is a Research Fellow at the Walter Eucken Institute.

Table of Contents

Introduction by Lawrence H. White
1. The Continuing Search for a Monetary Constitution, Leland B. Yeager
2. Still In Search of a Monetary Constitution, Hugh Rockoff
3. The Value of Money as a Constitutionalized Parameter, James M. Buchanan
4. The Constitutionalization of Money: A Constitutional Economics Perspective, Ekkehard A. Köhler and Viktor J. Vanberg
5. Monetary Regimes, Stability, Politics, and Inflation in History, Peter Bernholz
6. Index Futures Targeting and Monetary Disequilibrium, W. William Woolsey
7. Recent Issues Concerning Monetary Policy Reform, Bennett T. McCallum
8. Monetary Reform in a World of Central Banks, Gunther Schnabl
9. Free Banking in History and Theory, Lawrence H. White
10. Contemporary Private Monetary Systems, Kevin Dowd
11. Central Banks: Reform or Abolish?, Gerald P. O’Driscoll, Jr.