Can the 'invisible hand' manage money? George Selgin challenges the view that government regulation creates monetary order and stability, and instead shows it to be the main source of monetary crisis.

Can the "invisible hand" handle money? In this collection of essays George Selgin challenges the view that government regulation creates monetary order and stability, and instead shows it to be the main source of monetary and banking crises. Written by one of the leading contributors to the debate on free or laissez-faire banking, Bank Deregulation and Monetary Order is bound to provoke controversy while stimulating further research. It will be of great interest to students and researchers in monetary economics, banking and economic policy.