Volume 4, No. 2 (Summer 2001)
Austrian economist Lawrence White, formerly of the University of Georgia, has given us in The Theory of Monetary Institutions, a book written in mainstream mode yet embellished with Austrian insights. Based on lectures given by Professor White in the courses he teaches, and furnished with thought-provoking questions at the end of each chapter, the book is intended for classroom use—if not as a text, then at least as a supplement for graduate and upper-level undergraduate courses in monetary economics. A recurring theme of this book is that most of the actions governments everywhere have taken to influence monetary affairs are devoid of economic justification.
