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The book of Belief Smith "the Origin of the central banks" forces us to overestimate
Developed representations about our monetary system also induces to consider
Arguments in favour of its reforming.
The decades last from the moment of occurrence of the book in 1936, have not reduced
The importance of an object of research. Created on the basis of a dominating role
The states, monetary systems function all as badly. Available experience in
Other areas, and also James Bjukenana's jobs and school of a public choice
(public choice school - a direction of economic thought, in which frameworks
Considerable results about mechanisms and consequences are received
The governmental intervention in economy, bureaucratic institutes and
Procedures, etc.) have increased scepticism concerning a government role in general.
Today people are ready to discuss that intended to investigate Belief Smith -
"Comparative advantages of the monopolistically centralised bank
Systems and systems of the competitive banks having the identical rights to carrying out
After a small biographic sketch of a life of Belief Smith I will make the review
The basic sections of its book. Then I will state some offers on development
Subjects, paying attention to communication with modern practice of a currency issue and
Reform of bank system.
Job of Belief Smith "the Origin of the central banks" was doctor's
The dissertation written by it under the direction of Fridriha A. Hayek at University
The London school of economy. She has entered the university 1930, and in 1935
Has received doctor's degree. In the same years at the London school worked Hayek,
Lajonel Robins, T.E.Gregori, J. R.Hiks and Denis Robertson; in 1933 - 34 years
It worked as scientific assistant Hugh Deltona. Not only school faculty, but also
Group of students which, as well as she, became known economists,
The years, spent Smith in London, the Golden Age London allow to name
Schools. In 1936-37 Smith worked as the economist-assistant in Imperial
Committee on economy.
In April, 1937 Smith marries German economist Fridriha Luttsa,
Which in 1934 - worked 35 years as Walter Ojkena's assistant (Walter Eucken)
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