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Why Didn't Hayek Favor Laissez Faire in Banking?
Originally published in History of Political Economy
The present article reconstructs and critically appraises Hayek’s banking theory and policy. The chief questions it addresses are why Hayek declined to endorse laissez faire or “free” banking as a policy ideal, and whether the theoretical arguments he offered for his position are well founded.
The present article reconstructs and critically appraises Hayek’s banking theory and policy. The chief questions it addresses are why Hayek declined to endorse laissez faire or “free” banking as a policy ideal, and whether the theoretical arguments he offered for his position are well founded.
Find the article at Duke University Press.
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