The Evolution of Monetary Institutions

23 de junio de 2009    |  

In this conference, Lawrence H. White thoroughly examines the evolution of money and monetary institutions. He also explains how the monetary system regulates itself when it is based on gold or silver.

During the lecture, White looks at the increasingly efficient ways of exchanging goods that evolved throughout history until eventually precious metals became a commonly accepted medium of exchange. He then traces the history of coinage and bank deposits and describes how banking systems with networks of facilities to ensure secure transactions around the globe developed. The implications of government versus privately issued currency are also analyzed. White examines gold, in particular the use of the gold standard. Finally, he looks at the benefits of adopting the gold standard once again.

Versión en español La evolución de las instituciones monetarias


Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín