Studies in Banking Theory, Financial History, and Vertical Control

These essays span the author's thirty years in professional economics. Fundamental papers on vertical (industrial) control, property rights, approaches to market behaviour, macroeconomic dynamics and the paper-money systems of 18th century British North America are revised and reassembled and their seminal notions infused into fresh studies. These are concerned with innovated financial markets in institutionally-featureless regimes, a reconstruction of Wicksell's Cumulative Process, a radical reappraisal of Alexander Hamilton's financial system (and the economic literacy of Thomas Jefferson), reconsideration of "time in economics" and a new appproach to diffusion in forward-looking markets of innovated products subject to further technical improvement. The studies imitate the expansion of a nucleus of primary economic logic - unifying regions that may seem unrelated. The author has also written "Money", "Economic Theory" and "New Directions in Economic Policy".