Max

Jevons traces money from coin qualities through warrants and bank clearing to argue for regulated state paper backed by gold deposits.

Keynes argues in 1923 that unstable money redistributes wealth unequally, so central banks should target domestic prices over fixed gold parity.

Vera Smith's 1936 study separates fiscal origins of central banking from its claimed advantages and concedes the lender-of-last-resort argument remains powerful.

Rothbard's collection traces American money through redemption rules and banking coalitions, though its motive attributions often outrun the evidence it supplies.

Selgin argues that competing banks issuing redeemable notes can adjust money supply to demand, and names conditions where that adjustment fails.

Mises argues purchasing power issued by banks can redirect investment toward longer production, which depends on real capital goods and labour.

Böhm-Bawerk's 1890 critical history, translated by Smart, tests rival theories of interest by separating physical output, capital value and value surplus.