Lawrence H White
Biographic Data
| ID | 156649 |
|---|---|
| NAME | Lawrence H White |
| GIVEN NAMES | Lawrence H |
| FAMILY NAME | White |
| SIGNATURE | WHITE L H |
| AFFILIATIONS | George Mason University |
| VERIFIED | No |
| TOTAL WORKS | 16 |
| TOTAL CITATIONS | 15 |
| WORKS AS AUTHOR | 16 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1985 |
| LATEST PUBLICATION YEAR | 2022 |
| H-INDEX | 2 |
The private mint in economics
Prominent economists have supposed that the private production of full-bodied gold or silver coins is inefficient: due to information asymmetry, private coins will be chronically low-quality or underweight. An examination of private mints during gold rushes in the US in the years 1830-63, drawing on contemporary accounts and numismatic literature, finds otherwise. While some private gold mints produced underweight coins, from incompetence or frau…
Susan Howson, Lionel Robbins
Susan Howson expertly constructs a detailed scholarly biography of Lionel Robbins, the well-known midcentury British economist, from a wealth of source material: not just publications but also diaries, letters, lecture notes, marginalia, and ephemera. There is so much detail in 1161 pages that no reader can reasonably be expected to find every part of it fascinating, although Howson’s writing style is pleasant. The work is neither hagiographical …
The Pure Theory of Capital
F. A. Hayek’s long-overlooked volume, was his most detailed work in economic theory. Originally published in 1941 when fashionable economic thought had shifted to John Maynard Keynes, Hayek’s manifesto of capital theory is now available again for today’s students and economists to discover. With a new introduction by Hayek expert Lawrence H. White, who firmly situates the book not only in historical and theoretical context but within Hayek’s own …
Can economics rank slavery against free labor in terms of efficiency
The standard allocative efficiency criteria used by economists (Pareto efficiency and Kaldor-Hicks efficiency) are fundamentally unable to rank a slave-labor system against a free-labor system. Given either set of initial property rights assignments the market can reach (or fail to reach) allocative efficiency (that is, allocate resources to their highest-valued uses), but welfare economics provides no meta-framework for ranking initial assignmen…
Credible Currency
Why Didn't Hayek Favor Laissez Faire in Banking
Research Article| November 01 1999 Why Didn't Hayek Favor Laissez Faire in Banking? Lawrence H. White Lawrence H. White 1 Search for other works by this author on: This Site Google History of Political Economy (1999) 31 (4): 753–769. https://doi.org/10.1215/00182702-31-4-753 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Lawrence H. White; Why Didn't Hayek Favor Laissez Faire in Banking?. History…
African Finance
Monetary Reform and the Redemption of National Bank Notes, 1863–1913
It is well known that contemporary critics of the National Banking System complained about its failure to meet peak demands for currency. Less often discussed are complaints about the system's inability to remove excess notes from circulation during periods of slack demand for currency—a problem that critics attributed to the lack of an effective redemption mechanism. Beginning in 1864, important attempts were made to reform redemption arrangemen…
What has been breaking U.S. Banks
The last decade has been one of upheaval for the U.S. banking industry. Richard M. Salsman's Breaking the Banks, though not flawless, offers a well‐framed theoretical and historical account that goes beneath proximate causes to the underlying sources of unsoundness among American banks. Salsman's diagnosis—that regulation has systematically weakened the banking industry—is all the more credible for having been published a year before it became pu…
Culture and Currency
Other| November 01 1993 Culture and Currency: Cultural Bias in Monetary Theory and Policy John W. Houghton Boulder, Colo.: Westview Press, 1991. 210 pp. $49.95. Lawrence H. White Lawrence H. White Search for other works by this author on: This Site Google History of Political Economy (1993) 25 (4): 763–765. https://doi.org/10.1215/00182702-25-4-763 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn Email Permissions Search Site Citation La…
Scottish Banking and the Legal Restrictions Theory
The use of Scottish banling experience as counterevidence to legal restrictions theory of money (White 1987) rests on view that Scottish system, before Bank Charter Act of 1844 closed entry into note-issue,l warranted its traditional characterlzation as free banking. That is, regulatory regime approximated closely enough that its institutions, practices, and performance were basically those of an unregulated free-market monetary system. This inte…
The Evolution of Central Banks
The Evolution of Central Banks employs a wide range of historical evidence and reassesses current monetary analysis to argue that the development of non-profit-maximizing and noncompetitive central banks to supervise and regulate the commercial banking system fulfils a necessary and natural function.Goodhart surveys the case for free banking, examines the key role of the clearing house in the evolution of the central bank, and investigates bank e…
The State and the Monetary System
Journal Article The State and the Monetary System Get access The Stale and the Monetary System. By KEVIN DOWD (New York and London: Philip Allan, 1989. Pp. ix + 213. £27.50 hardback. ISBN 0 86003 088 1).Competition and Currency: Essays on Free Banking and Money. By H. WHITE LAWRENCE (New York University Press, 1989. Pp. ix + 260. US $44.00 hardback. ISBN 0 8147 9224 3). Sheila C. Dow Sheila C. Dow University of Stirling Search for other works by …
Free Banking in Britain
William Leggett
Research Article| June 01 1986 William Leggett: Jacksonian Editorialist as Classical Liberal Political Economist Lawrence H. White Lawrence H. White Search for other works by this author on: This Site Google History of Political Economy (1986) 18 (2): 307–324. https://doi.org/10.1215/00182702-18-2-307 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn Email Permissions Search Site Citation Lawrence H. White; William Leggett: Jacksonian Edi…
Free Banking in Britain
The Evolution of Central Banks
The Evolution of Central Banks employs a wide range of historical evidence and reassesses current monetary analysis to argue that the development of non-profit-maximizing and noncompetitive central banks to supervise and regulate the commercial banking system fulfils a necessary and natural function.Goodhart surveys the case for free banking, examines the key role of the clearing house in the evolution of the central bank, and investigates bank e…
The private mint in economics
Prominent economists have supposed that the private production of full-bodied gold or silver coins is inefficient: due to information asymmetry, private coins will be chronically low-quality or underweight. An examination of private mints during gold rushes in the US in the years 1830-63, drawing on contemporary accounts and numismatic literature, finds otherwise. While some private gold mints produced underweight coins, from incompetence or frau…
Can economics rank slavery against free labor in terms of efficiency
The standard allocative efficiency criteria used by economists (Pareto efficiency and Kaldor-Hicks efficiency) are fundamentally unable to rank a slave-labor system against a free-labor system. Given either set of initial property rights assignments the market can reach (or fail to reach) allocative efficiency (that is, allocate resources to their highest-valued uses), but welfare economics provides no meta-framework for ranking initial assignmen…
Why Didn't Hayek Favor Laissez Faire in Banking
Research Article| November 01 1999 Why Didn't Hayek Favor Laissez Faire in Banking? Lawrence H. White Lawrence H. White 1 Search for other works by this author on: This Site Google History of Political Economy (1999) 31 (4): 753–769. https://doi.org/10.1215/00182702-31-4-753 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Lawrence H. White; Why Didn't Hayek Favor Laissez Faire in Banking?. History…
Culture and Currency
Other| November 01 1993 Culture and Currency: Cultural Bias in Monetary Theory and Policy John W. Houghton Boulder, Colo.: Westview Press, 1991. 210 pp. $49.95. Lawrence H. White Lawrence H. White Search for other works by this author on: This Site Google History of Political Economy (1993) 25 (4): 763–765. https://doi.org/10.1215/00182702-25-4-763 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn Email Permissions Search Site Citation La…
Credible Currency
Monetary Reform and the Redemption of National Bank Notes, 1863–1913
It is well known that contemporary critics of the National Banking System complained about its failure to meet peak demands for currency. Less often discussed are complaints about the system's inability to remove excess notes from circulation during periods of slack demand for currency—a problem that critics attributed to the lack of an effective redemption mechanism. Beginning in 1864, important attempts were made to reform redemption arrangemen…
What has been breaking U.S. Banks
The last decade has been one of upheaval for the U.S. banking industry. Richard M. Salsman's Breaking the Banks, though not flawless, offers a well‐framed theoretical and historical account that goes beneath proximate causes to the underlying sources of unsoundness among American banks. Salsman's diagnosis—that regulation has systematically weakened the banking industry—is all the more credible for having been published a year before it became pu…
William Leggett
Research Article| June 01 1986 William Leggett: Jacksonian Editorialist as Classical Liberal Political Economist Lawrence H. White Lawrence H. White Search for other works by this author on: This Site Google History of Political Economy (1986) 18 (2): 307–324. https://doi.org/10.1215/00182702-18-2-307 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn Email Permissions Search Site Citation Lawrence H. White; William Leggett: Jacksonian Edi…
Free Banking in Britain
William Leggett
Research Article| June 01 1986 William Leggett: Jacksonian Editorialist as Classical Liberal Political Economist Lawrence H. White Lawrence H. White Search for other works by this author on: This Site Google History of Political Economy (1986) 18 (2): 307–324. https://doi.org/10.1215/00182702-18-2-307 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn Email Permissions Search Site Citation Lawrence H. White; William Leggett: Jacksonian Edi…
Free Banking in Britain
Scottish Banking and the Legal Restrictions Theory
The use of Scottish banling experience as counterevidence to legal restrictions theory of money (White 1987) rests on view that Scottish system, before Bank Charter Act of 1844 closed entry into note-issue,l warranted its traditional characterlzation as free banking. That is, regulatory regime approximated closely enough that its institutions, practices, and performance were basically those of an unregulated free-market monetary system. This inte…
The Evolution of Central Banks
The Evolution of Central Banks employs a wide range of historical evidence and reassesses current monetary analysis to argue that the development of non-profit-maximizing and noncompetitive central banks to supervise and regulate the commercial banking system fulfils a necessary and natural function.Goodhart surveys the case for free banking, examines the key role of the clearing house in the evolution of the central bank, and investigates bank e…
The State and the Monetary System
Journal Article The State and the Monetary System Get access The Stale and the Monetary System. By KEVIN DOWD (New York and London: Philip Allan, 1989. Pp. ix + 213. £27.50 hardback. ISBN 0 86003 088 1).Competition and Currency: Essays on Free Banking and Money. By H. WHITE LAWRENCE (New York University Press, 1989. Pp. ix + 260. US $44.00 hardback. ISBN 0 8147 9224 3). Sheila C. Dow Sheila C. Dow University of Stirling Search for other works by …
What has been breaking U.S. Banks
The last decade has been one of upheaval for the U.S. banking industry. Richard M. Salsman's Breaking the Banks, though not flawless, offers a well‐framed theoretical and historical account that goes beneath proximate causes to the underlying sources of unsoundness among American banks. Salsman's diagnosis—that regulation has systematically weakened the banking industry—is all the more credible for having been published a year before it became pu…
Culture and Currency
Other| November 01 1993 Culture and Currency: Cultural Bias in Monetary Theory and Policy John W. Houghton Boulder, Colo.: Westview Press, 1991. 210 pp. $49.95. Lawrence H. White Lawrence H. White Search for other works by this author on: This Site Google History of Political Economy (1993) 25 (4): 763–765. https://doi.org/10.1215/00182702-25-4-763 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn Email Permissions Search Site Citation La…
Monetary Reform and the Redemption of National Bank Notes, 1863–1913
It is well known that contemporary critics of the National Banking System complained about its failure to meet peak demands for currency. Less often discussed are complaints about the system's inability to remove excess notes from circulation during periods of slack demand for currency—a problem that critics attributed to the lack of an effective redemption mechanism. Beginning in 1864, important attempts were made to reform redemption arrangemen…
African Finance
Why Didn't Hayek Favor Laissez Faire in Banking
Research Article| November 01 1999 Why Didn't Hayek Favor Laissez Faire in Banking? Lawrence H. White Lawrence H. White 1 Search for other works by this author on: This Site Google History of Political Economy (1999) 31 (4): 753–769. https://doi.org/10.1215/00182702-31-4-753 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Lawrence H. White; Why Didn't Hayek Favor Laissez Faire in Banking?. History…
Credible Currency
Can economics rank slavery against free labor in terms of efficiency
The standard allocative efficiency criteria used by economists (Pareto efficiency and Kaldor-Hicks efficiency) are fundamentally unable to rank a slave-labor system against a free-labor system. Given either set of initial property rights assignments the market can reach (or fail to reach) allocative efficiency (that is, allocate resources to their highest-valued uses), but welfare economics provides no meta-framework for ranking initial assignmen…
The Pure Theory of Capital
F. A. Hayek’s long-overlooked volume, was his most detailed work in economic theory. Originally published in 1941 when fashionable economic thought had shifted to John Maynard Keynes, Hayek’s manifesto of capital theory is now available again for today’s students and economists to discover. With a new introduction by Hayek expert Lawrence H. White, who firmly situates the book not only in historical and theoretical context but within Hayek’s own …
Susan Howson, Lionel Robbins
Susan Howson expertly constructs a detailed scholarly biography of Lionel Robbins, the well-known midcentury British economist, from a wealth of source material: not just publications but also diaries, letters, lecture notes, marginalia, and ephemera. There is so much detail in 1161 pages that no reader can reasonably be expected to find every part of it fascinating, although Howson’s writing style is pleasant. The work is neither hagiographical …
The private mint in economics
Prominent economists have supposed that the private production of full-bodied gold or silver coins is inefficient: due to information asymmetry, private coins will be chronically low-quality or underweight. An examination of private mints during gold rushes in the US in the years 1830-63, drawing on contemporary accounts and numismatic literature, finds otherwise. While some private gold mints produced underweight coins, from incompetence or frau…
Economics (13 works) · Business (10 works) · Political science (8 works) · Economic Theory and Policy (7 works) · Banking stability, regulation, efficiency (6 works) · Law (6 works) · Financial system (5 works) · Law (5 works) · Monetary economics (5 works) · Computer Science (4 works)