Education
Drew University Bachelor of Arts 1979
New York University Doctor of Philosophy 1986.
(LARGE PRINT EDITION! More at LargePrintLiberty.com. Th...)
LARGE PRINT EDITION! More at LargePrintLiberty.com. This book sets out to explain the complexity of why increased production does not that always bring with it lower prices. According to the book, those who look upon monetary expansion as a way to eradicate almost all unemployment fail to appreciate that persistent unemployment is a non-monetary or 'natural' economic condition, which no mount of monetary medicine can cure. Selgin explores the differences between these monetary and natural conditions, and proposes solutions of his own.
http://www.amazon.com/gp/product/1495294285/?tag=2022091-20
(Can the 'invisible hand' handle money? George Selgin chal...)
Can the 'invisible hand' handle money? George Selgin challenges the view that government regulation creates monetary order and stability, and instead shows it to be the main source of monetary crisis. The volume is divided into three sections: * Part I refutes conventional wisdom holding that any monetary system lacking government regulation is 'inherently unstable', and looks at the workings of market forces in an otherwise unregulated banking system. * Part II draws on both theory and historical experience to show how various kinds of government interference undermine the inherent efficiency, safety, and stability of a free monetary system. * Part III completes the argument by addressing the popular misconception that a monetary system is unsound unless it delivers a stable output price-level.
http://www.amazon.com/gp/product/0415140560/?tag=2022091-20
( Good Money tells the fascinating story of British manuf...)
Good Money tells the fascinating story of British manufacturers' challenge to the Crown's monopoly on coinage. In the 1780s, when the Industrial Revolution was gathering momentum, the Royal Mint failed to produce enough small-denomination coinage for factory owners to pay their workers. As the currency shortage threatened to derail industrial progress, manufacturers began to mint custom-made coins, called "tradesman's tokens." Rapidly gaining wide acceptance, these tokens served as the nation's most popular currency for wages and retail sales until 1821, when the Crown outlawed all moneys except its own. Economist George Selgin presents a lively tale of enterprising manufacturers, technological innovations, alternative currencies, and struggles over the right to coin legal money. George Selgin is Professor of Economics in the Terry College of Business at the University of Georgia and Research Fellow at the Independent Institute in Oakland, California (www.independent.org).
http://www.amazon.com/gp/product/0472116312/?tag=2022091-20
(Can the 'invisible hand' handle money? George Selgin chal...)
Can the 'invisible hand' handle money? George Selgin challenges the view that government regulation creates monetary order and stability, and instead shows it to be the main source of monetary crisis. The volume is divided into three sections: * Part I refutes conventional wisdom holding that any monetary system lacking government regulation is 'inherently unstable', and looks at the workings of market forces in an otherwise unregulated banking system. * Part II draws on both theory and historical experience to show how various kinds of government interference undermine the inherent efficiency, safety, and stability of a free monetary system. * Part III completes the argument by addressing the popular misconception that a monetary system is unsound unless it delivers a stable output price-level.
http://www.amazon.com/gp/product/1138987670/?tag=2022091-20
Drew University Bachelor of Arts 1979
New York University Doctor of Philosophy 1986.
Selgin formerly taught at George Mason University, the University of Hong Kong, and West Virginia University. Selgin"s principal research areas are monetary and banking theory, monetary history, and macroeconomics. He is one of the founders, along with Kevin Dowd and Lawrence H. White, of the Modern Free Banking School, which draws its inspiration from the writings of Friedrich Hayek on denationalization of money and choice in currency.
A central claim of the Free Banking School is that the effects of government intervention in monetary systems cannot be properly appreciated except with reference to a theory of monetary laissez-faire, analogous to the theory of free trade that informs the modern understanding of the effects of tariffs and other trade barriers.
The free bankers argue that, viewed in light of such a theory, financial crises and business cycles are largely attributable to misguided government interference with freely-evolved and competitive monetary arrangements, including legislation granting central banks exclusive rights to issue paper currency. Selgin is also known for his research on coinage, including studies of Gresham"s Law and of private minting of coins during Great Britain"s Industrial Revolution, and for his advocacy of a "productivity norm" for monetary policy—a plan that would have policymakers target the growth-rate of nominal gross domestic product at a level that would allow the overall price level to decline along with goods" real (unit) costs of production.
According to Selgin, by preventing mild deflation in response to productivity gains, monetary authorities risk inadvertently fueling unsustainable booms or economic bubbles, setting the stage for consequent busts and recession.
(Can the 'invisible hand' handle money? George Selgin chal...)
(Can the 'invisible hand' handle money? George Selgin chal...)
( Good Money tells the fascinating story of British manuf...)
(LARGE PRINT EDITION! More at LargePrintLiberty.com. Th...)