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Parth J. Shah

Tags EducationThe EnvironmentPrivate Property

Works Published inReview of Austrian Economics, Volumes 1-10

Parth is President of the Centre for Civil Society. His research and advocacy work focus on the themes of economic freedom, choice and competition in education, property rights approach for the environment, and good governance. Visit his website.

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The Option Clause in Free-Banking Theory and History: A Reappraisal

Money and BanksMoney and Banking

07/20/2005Review of Austrian Economics, Volumes 1-10
Banks under a free-banking system, like banks with fractional reserves under any other system, are susceptible to runs. Free-banking theorists maintain that the option clause would be one effective means of dealing with runs on banks.


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