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Rockoff, Hugh. THE FREE BANKING ERA A RE-EXAMINATION New York: Arno Press 1975. Original blue canvas boards; ix, [1], 141, [3] pp. Ads. a volume in Dissertations in American American Economic History. Stanley Engerman’s personal copy. Inscribed by the author on the fly leaf: “For Stan. With sincere best wishes. – Hugh” Very good with light soiling to boards; light crush damage to bottom of first 15 pages.
$75
Hugh Rockoff (born 1945) is a Professor of Economics at Rutgers and a Research Associate at the National Bureau of Economic Research. He primarily writes and teaches on price controls and monetary history. This is his 1975 dissertation on “Free Banking”. Nobel laureate Robert Fogel and Deirdre McCloskey were the thesis advisors. The book provides an overview of the two decades preceding the Civil War in which bank regulation was left to the states. Free banking was a conscious attempt to allow complete laissez faire banking, where anyone could start a bank providing only minimal requirements were met. “The purpose of the present study is to re-examine the free banking experiment in the light of the extant quantitative data, as frail as it is, and modern monetary theory.” (pg. ii). Scarce. At the time of cataloguing, no other copies for sale.
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