Adam Smith and the political economy of a modern financial crisis

Business Economics

Volumn 44, Issue 1, 2009, Pages 3-16

  Mussa, Michael ^a  

^a PETERSON INSTITUTE FOR INTERNATIONAL ECONOMICS   (United States)

Author keywords

Adam Smith; derivatives; financial crisis; immoral results; liquidity; moral hazard; mortgage lending

Indexed keywords

EID: 84863810866     PISSN: 0007666X     EISSN: 1554432X     Source Type: Journal    
DOI: 10.1057/be.2008.9     Document Type: Article

References (10)

1. Flood Robert P. and Peter M. Garber. 1994. Speculative Bubbles, Speculative Attacks, and Policy Switching. The MIT Press.
2. Friedman, Milton, and Anna J. Schwartz. 1963. A Monetary History of the United States: 1867-1960. Princeton University Press.
3. Galbraith, John Kenneth. 1961. The Great Crash. Houghton Mifflin Co.
4. Hawtrey, R.G. 1962. The Art of Central Banking. Frank Cass & Co.
5. Heilbroner, Robert L. 1967. The Worldly Philosphers, 3rd ed. Simon and Schuster.
6. Kindleberger, Charles P., and Robert Z. Aliber. 2005. Manias, Panics, and Crashes, 5th ed. John Wiley & Sons, Inc.
7. Mayer, Martin. 1997. The Bankers: The Next Generation. Truman Talley Books/Dutton.
8. Mussa, Michael, and Roger C. Kormendi. 1979. The Taxation of Municipal Bonds. American Enterprise Institute.
9. Smith, Adam. 1937. The Wealth of Nations. Modern Library (Random House).
10. Tobin, James. 1963. "Commercial Banks as Creators of 'Money'," in Banking and Monetary Studies, edited by Deane Carson. Richard D. Irwin; reprinted in James Tobin, 1971. Essays in Economics: Volume I: Macroeconomics. Markham Publishing Company.