Details about George A. Selgin

Access statistics for papers by George A. Selgin.

Last updated 2026-08-19. Update your information in the RePEc Author Service.

Short-id: pse331

Working Papers

2019

1. Is Non-State Money Possible?
   mBank - CASE Seminar Proceedings, CASE-Center for Social and Economic Research

2007

2. Monopoly, Competition, and Great Britain’s “Big Problem of Small Change”
   Working Papers, Economic History Society

1993

3. Are Banking Crises a Free-Market Phenomenon?
   Working Papers, Georgia - College of Business Administration, Department of Economics View citations (1)
4. How Would the Invisible Hand Handle Money?
   Working Papers, Georgia - College of Business Administration, Department of Economics View citations (5)
   See also Journal Article How Would the Invisible Hand Handle Money?, Journal of Economic Literature, American Economic Association (1994) View citations (106) (1994)
5. In Defence of Bank Suspension
   Working Papers, Georgia - College of Business Administration, Department of Economics View citations (16)
6. On Ensuring the Acceptability of a New Fiat Money
   Working Papers, Georgia - College of Business Administration, Department of Economics
   See also Journal Article On Ensuring the Acceptability of a New Fiat Money, Journal of Money, Credit and Banking, Blackwell Publishing (1994) View citations (32) (1994)

1985

7. The Evolution of a Free Banking System
   Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (11)
   See also Journal Article The Evaluation of a Free Banking System, Economic Inquiry, Western Economic Association International (1987) View citations (28) (1987)

Journal Articles

2021

1. The fiscal and monetary response to COVID‐19: What the Great Depression has – and hasn't – taught us
   Economic Affairs, 2021, 41, (1), 3-20 View citations (2)

2017

2. Guest Editors’ Introduction: Monetary rules for a post-crisis world
   Journal of Macroeconomics, 2017, 54, (PA), 1-6

2016

3. Real and Pseudo Monetary Rules
   Cato Journal, 2016, 36, (2), 279-296 View citations (3)

2015

4. Fatalistically Flawed: A Review Essay on Fragile by Design, by Charles W. Calomiris and Stephen H. Haber
   International Finance, 2015, 18, (1), 109-128 View citations (1)
5. Kenneth Quickenden, Sally Baggott, and Malcolm Dick, eds., Matthew Boulton: enterprising industrialist of the Enlightenment ( Farnham: Ashgate, 2013. Pp. xviii + 294. 26 illus. ISBN 9781409422181 Hbk. £79)
   Economic History Review, 2015, 68, (3), 1066-1067
6. Law, Legislation, and the Gold Standard
   Cato Journal, 2015, 35, (2), 251-272 View citations (1)
7. Synthetic commodity money
   Journal of Financial Stability, 2015, 17, (C), 92-99 View citations (124)
8. The productivity gap: Monetary policy, the subprime boom, and the post-2001 productivity surge
   Journal of Policy Modeling, 2015, 37, (2), 189-207 View citations (20)

2014

9. Operation Twist-the-Truth: How the Federal Reserve Misrepresents Its History and Performance
   Cato Journal, 2014, 34, (2), 229-263 View citations (2)

2013

10. Incredible Commitments: Why the EMU Is Destroying Both Europe and Itself
    Cato Journal, 2013, 33, (1), 143-154

2012

11. Banknotes And Economic Growth
    Scottish Journal of Political Economy, 2012, 59, (4), 390-418
12. Has the Fed been a failure?
    Journal of Macroeconomics, 2012, 34, (3), 569-596 View citations (52)
13. L Street: Bagehotian Prescriptions for a 21st Century Money Market
    Cato Journal, 2012, 32, (2), 303-332 View citations (9)
14. Mere quibbles: Bagus and Howden’s critique of the theory of free banking
    The Review of Austrian Economics, 2012, 25, (2), 131-148 View citations (2)

2011

15. Strong Steam, Weak Patents, or the Myth of Watt's Innovation-Blocking Monopoly, Exploded
    Journal of Law and Economics, 2011, 54, (4), 841 - 861 View citations (3)

2010

16. The Futility of Central Banking
    Cato Journal, 2010, 30, (3), 465-473 View citations (5)
17. The institutional roots of Great Britain's ‘big problem of small change’
    European Review of Economic History, 2010, 14, (2), 305-334

2009

18. Watt, Again? Boldrin and Levine Still Exaggerate the Adverse Effect of Patents on the Progress of Steam Power
    Review of Law & Economics, 2009, 5, (3), 1101-1113 View citations (1)

2008

19. Milton Friedman and the Case against Currency Monopoly
    Cato Journal, 2008, 28, (2), 287-301 View citations (7)

2007

20. The Euro and world inflation
    Oxford Economic Papers, 2007, 59, (2), 171-193 View citations (1)

2006

21. JAMES WATT AS INTELLECTUAL MONOPOLIST: COMMENT ON BOLDRIN AND LEVINE
    International Economic Review, 2006, 47, (4), 1341-1348 View citations (5)

2005

22. Credible Currency: A Constitutional Perspective
    Constitutional Political Economy, 2005, 16, (1), 71-83 View citations (8)
23. Currency Privatization as a Substitute for Currency Boards and Dollarization
    Cato Journal, 2005, 25, (1), 141-151 View citations (2)

2004

24. Wholesale payments: questioning the market-failure hypothesis
    International Review of Law and Economics, 2004, 24, (3), 333-350 View citations (6)

2003

25. Adaptive Learning and the Transition to Fiat Money
    Economic Journal, 2003, 113, (484), 147-165 View citations (23)
26. Steam, hot air, and small change: Matthew Boulton and the reform of Britain's coinage
    Economic History Review, 2003, 56, (3), 478-509 View citations (1)

2001

27. In-Concert Overexpansion and the Precautionary Demand for Bank Reserves
    Journal of Money, Credit and Banking, 2001, 33, (2), 294-300 View citations (18)

2000

28. Introduction
    Cato Journal, 2000, 20, (1) View citations (6)
29. The Suppression of State Banknotes: A Reconsideration
    Economic Inquiry, 2000, 38, (4), 600-615 View citations (5)

1999

30. A Fiscal Theory of Government's Role in Money
    Economic Inquiry, 1999, 37, (1), 154-65 View citations (13)
31. By our bootstraps: Origins and effects of the high-wage doctrine and the minimum wage
    Journal of Labor Research, 1999, 20, (4), 447-462 View citations (8)
32. Hayek versus Keynes on How the Price Level Ought to Behave
    History of Political Economy, 1999, 31, (4), 699-721 View citations (10)
33. Ludwig von Mises and the Case for Gold
    Cato Journal, 1999, 19, (2), 259-277
34. The Great Depression: An International Disaster of Perverse Economic Policies By Thomas E. Hall and J. David Ferguson. Ann Arbor: University of Michigan Press, 1998. Pp. xvii, 194. $42.50
    Southern Economic Journal, 1999, 65, (3), 653-656
35. The Money Interest and the Public Interest: American Monetary Thought, 1920–1970. By Perry G. Mehrling. Cambridge, MA: Harvard University Press, 1997. Pp. xiv, 283. $45.00
    The Journal of Economic History, 1999, 59, (1), 256-257

1998

36. Competition and Monopoly in the Federal Reserve System, 1914‐1951: A Microeconomics Approach to Monetary History By Mark Toma. Cambridge, UK: Cambridge University Press, 1997. Pp. xiv, 132. $49.95
    Southern Economic Journal, 1998, 65, (1), 187-190

1997

37. A Regulatory Placebo? or, The Strange Case of Dr. Kaufman and Mr. Seir
    Cato Journal, 1997, 17, (1), 91-98
38. The Check Tax: Fiscal Folly and the Great Monetary Contraction
    The Journal of Economic History, 1997, 57, (4), 859-878 View citations (6)
39. The Option Clause in Scottish Banking: A Comment
    Journal of Money, Credit and Banking, 1997, 29, (2), 270-73 View citations (6)

1996

40. In Defense of Fiduciary Media--Or, We Are Not Devo(lutionists), We Are Misesians!
    The Review of Austrian Economics, 1996, 9, (2), 83-107 View citations (11)
41. Money and the Invisible Hand: A Correction
    Journal of Economic Literature, 1996, 34, (1), 124-125
42. Salvaging Gresham's Law: The Good, the Bad, and the Illegal
    Journal of Money, Credit and Banking, 1996, 28, (4), 637-49 View citations (13)

1995

43. Bank Self-Regulation: Comment on Bordo and Schwartz
    Cato Journal, 1995, 14, (3), 481-492
44. The case for a "productivity norm": Comment on Dowd
    Journal of Macroeconomics, 1995, 17, (4), 733-740 View citations (3)
45. The liquidity effect: Identifying short-run interest rate dynamics using long-run restrictions
    Journal of Macroeconomics, 1995, 17, (3), 387-404 View citations (34)
46. The “Productivity Norm†versus Zero Inflation in the History of Economic Thought
    History of Political Economy, 1995, 27, (4), 705-735 View citations (4)

1994

47. Buffer-Stock Money: Interpreting Short-Run Dynamics Using Long-Run Restrictions
    Journal of Money, Credit and Banking, 1994, 26, (1), 34-54 View citations (12)
48. Free Banking and Monetary Control
    Economic Journal, 1994, 104, (427), 1449-59 View citations (28)
49. How Would the Invisible Hand Handle Money?
    Journal of Economic Literature, 1994, 32, (4), 1718-1749 View citations (106)
    See also Working Paper How Would the Invisible Hand Handle Money?, Working Papers (1993) View citations (5) (1993)
50. Monetary Reform and the Redemption of National Bank Notes, 1863–1913
    Business History Review, 1994, 68, (2), 205-243 View citations (7)
51. On Ensuring the Acceptability of a New Fiat Money
    Journal of Money, Credit and Banking, 1994, 26, (4), 808-26 View citations (32)
    See also Working Paper On Ensuring the Acceptability of a New Fiat Money, Working Papers (1993) (1993)

1990

52. L. Albert Hahn: A Precursor of Keynesianism and the Monetarist Counterrevolution
    History of Political Economy, 1990, 22, (2), 261-279 View citations (1)
53. Monetary Equilibrium and the Productivity Norm of Price-Level Policy
    Cato Journal, 1990, 10, (1), 265-287 View citations (10)
54. Reviews
    Constitutional Political Economy, 1990, 1, (2), 83-109

1989

55. Legal Restrictions, Financial Weakening, and the Lender of Last Resort
    Cato Journal, 1989, 9, (2), 429-469 View citations (11)

1988

56. Accommodating Changes in the Relative Demand for Currency: Free Banking vs. Central Banking
    Cato Journal, 1988, 7, (3), 621-641 View citations (2)

1987

57. The Evaluation of a Free Banking System
    Economic Inquiry, 1987, 25, (3), 439-57 View citations (28)
    See also Working Paper The Evolution of a Free Banking System, Working Papers (1985) View citations (11) (1985)

Books

2025

1. False Dawn
   (False Dawn)
   University of Chicago Press Economics Books, University of Chicago Press