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ID 41480
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Title Alternative
Adam Smith's Criticism of James Steuart's Theory of Banking
Author
Abstract
This paper considered why and how Adam Smith criticized James Steuart's theory of Banking. In Lectures on Jurisprudence Adam Smith had a quite optimistic view about the stableness of banking system. But after the financial crisis in Scotland in 1760s and 1770s, especially the bankrupt of the Ayr Bank in 1772, Smith changed his early optimistic view of banking system. In Wealth of Nations Smith criticized Steuart's theory of banking, because Smith thought that its influence might be one of the major causes of the bankrupt of the Ayr Bank and the financial crisis in Scotland in 1772.
Note
論説 (Article)
Published Date
2001-03-10
Publication Title
岡山大学経済学会雑誌
Publication Title Alternative
Okayama Economic Review
Volume
volume32
Issue
issue4
Publisher
岡山大学経済学会
Publisher Alternative
The Economic Association of Okayama University
Start Page
161
End Page
174
ISSN
0386-3069
NCID
AN00032897
Content Type
Journal Article
language
日本語
File Version
publisher
Refereed
True
Eprints Journal Name
oer