cover of book
 

Legislating Instability: Adam Smith, Free Banking, and the Financial Crisis of 1772
by Tyler Beck Goodspeed
Harvard University Press, 2016
eISBN: 978-0-674-96899-8 | Cloth: 978-0-674-08888-7
Library of Congress Classification HB3722.G665 2016
Dewey Decimal Classification 332.10941109033

ABOUT THIS BOOK | TOC
ABOUT THIS BOOK
From 1716 to 1845 Scottish banks were among the most dynamic and resilient in Europe, effectively absorbing economic shocks that rocked markets in London and on the continent. Tyler Beck Goodspeed explains the paradox that Scotland’s banking system achieved this success without the regulations Adam Smith considered necessary for economic stability.
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