Abstract
Historians of economic thought conventionally represent British monetary debates from the 1820s on as centred on the question of whether policy should be governed by rules (espoused by adherents of the Currency School), or whether authorities should be allowed discretion (espoused by adherents of the Banking School). In fact many other questions were in dispute, including those raised by neglected or misidentified participants in the debates – adherents of the Free Banking School.
This chapter was originally published in The New Palgrave: A Dictionary of Economics, 1st edition, 1987. Edited by John Eatwell, Murray Milgate and Peter Newman
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References
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Schwartz, A.J. (1987). Banking School, Currency School, Free Banking School. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_263-1
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Banking School, Currency School, Free Banking School- Published:
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DOI: https://doi.org/10.1057/978-1-349-95121-5_263-2
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Banking School, Currency School, Free Banking School- Published:
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DOI: https://doi.org/10.1057/978-1-349-95121-5_263-1