The Gold Standard and Civil Society


This colloquium explored episodes in the history of gold as money, focusing on the connection, if any, between the gold standard and the flourishing of political and economic liberty.


Conference Readings

Bernanke, Ben. “Money, Gold, and the Great Depression.” H. Parker Willis Lecture in Economic Policy, Washington and Lee University, Lexington, Virginia, March 2, 2004. (accessed 02-12-2018) .

Carlile, William Warrand. The Evolution of Modern Money. London: Macmillan and Co., 1901.

Frankel, S. Herbert. Two Philosophies of Money: The Conflict of Trust and Authority. New York: St. Martin’s Press, 1978.

Friedman, Milton. “The Resource Cost of Irredeemable Paper Money.” Journal of Political Economy 94, no. 3, part 1 (June 1986): 642-647.

Goodwin, Jason. Greenback: The Almighty Dollar and the Invention of America. New York: Henry Holt and Company, 2003.

Keynes, John Maynard. Essays in Persuasion. London: MacMillan and Company, 1931.

Kydland, Finn E. and Mark A. Wynne. “Alternative Monetary Constitutions and the Quest for Price Stability.” Economic and Financial Policy Review 1, no. 1 (2002): 1-19.

Milward, Alan S., “The Origins of the Gold Standard” In Currency Convertibility: The Gold Standard and Beyond, edited by Jorge Braga de Macedo, Barry Eichengreen, and Jaime Reis, 85-99. New York: Routledge, 1996.

Mosley, Layna. “Golden Straightjacket or Golden Opportunity? Sovereign Borrowing in the 19th and Early 20th Centuries.” 2002 Annual Meeting of the American Political Science Association, Boston, August 28 - September 1, 2002.

Redish, Angela. “Anchors Aweigh: The Transition from Commodity Money to Fiat Money in Western Economies.” Canadian Journal of Economics 26, no. 4 (November 1993): 777-795.

Steil, Benn and Manuel Hinds. Money, Markets and Sovereignty. New Haven: Yale University Press, 2009.

Timberlake, Richard H. Constitutional Money: A Review of the Supreme Court’s Monetary Decisions. Cambridge: Cambridge University Press, 2013.

White, Lawrence H. “Is the Gold Standard Still the Gold Standard among Monetary Systems?” Cato Institute Briefing Paper No. 100 (February 8, 2008): 1-8.