Lawrence H. White - Online Articles and Abstracts

General Interest

In What Respects Will the Information Age Make Central Banks Obsolete? (2000)
    How new technologies are increasing the advantages of private monetary institutions

Why Private Banks and Not Central Banks Should Issue Currency, Especially in Less Developed Countries (with George Selgin) (2000)
    Because private competition delivers a higher quality product than does state monopoly

A Competitor for the Fed? (2000)
    Considers the prospects for success of the silver-based American Liberty Dollar project

Asia Needs Capital Controls? It Just Ain't So! (1999)
    Criticizes Jagdish Bhagwati's argument for retaining capital controls

Do Deficits Matter? (with Roger Garrison) (1999)
    Reasons for thinking that they do, despite what The Armchair Economist argues

Banking and Financial Services [Cato Handbook for the 106th Congress] (1999) (pdf file)
    The agenda for legislative reform

The Technology Revolution and Monetary Evolution (1996)
    Some historical perspective on "digital money"

SimEconomics (1996)
    Computer simulations that let you run a whole society misrepresent how real societies work.

Spending Money Freely (1995)
    The policy issues raised by new ways to pay

Competing Money Supplies (1993)
    What would be the consequences of applying laissez-faire to money?

Banking Without Regulation (1993)
    What history suggests about the operation of an unrestricted banking system

Inflation and the Federal Reserve (1982)
    How and why the Fed caused the inflation of the 1970s

Academic

Hayek, Currency Competition and European Monetary Union [by Otmar Issing]: Commentary (2000)
    The text of Issing's talk (ordering info and link to pdf file)

A Fiscal Theory of Government's Role in Money (1999) (abstract only)

The Methodology of Human Action [Comment on Vernon Smith, "Reflections on Human Action After 50 Years" (1999) (pdf file)

Is Nonprice Competition in Currency Inefficient? (with Donald J. Boudreaux) (1998) (abstract only)

In Defense of Fiduciary Media (with George Selgin) (1996) (pdf file)

Monetary Nationalism Reconsidered (1995) (abstract; ordering info)

How Would the Invisible Hand Handle Money? (with George Selgin) (1994) (requires that your institution subscribe to JSTOR)

Monetary Reform and the Redemption of National Bank Notes, 1863-1913 (with George A. Selgin) (1994) (abstract only)

La banca central: una recapitulación (in Spanish) (1993) (pdf file)

Scottish Banking and the Legal Restrictions Theory: A Closer Look: Comment (1990) (JSTOR)

Accounting for Non-interest-bearing Currency: A Critique of the Legal Restrictions Theory of Money (1987) (abstract; view via JSTOR)

The Evolution of a Free Banking System (with George A. Selgin) (abstract only)

Competitive Payments Systems: Reply (view via JSTOR) (1986)

Competitive Payments Systems and the Unit of Account (1984) (view via JSTOR)

The Methodology of the Austrian School Economists (1985)

Privatization of Municipally-Provided Services (1978) (pdf file)

Bankruptcy as an Economic Intervention (1977) (pdf file)
 

Book Reviews

The End of Money and the Struggle for Financial Privacy by Richard W. Rahn (1999)

The Defining Moment: The Great Depression and the American Economy in the Twentieth Century, ed. by Michael D. Bordo, Claudia Goldin, and Eugene N. White (1998)
 

Audio and video

Global Financial Markets, the Lender of Last Resort Role, and the IMF (1999)(RealVideo file; go to "RealVideo archive of Panel III" and ffwd 1 hour for my talk)

Will the New Payment Technologies Bring Us Free Banking? (1996) (ordering info)