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-Lawrence H. White deals with a major issue of the 1990s--reprivatization of money. He makes a cogent argument and presents evidence that private, competing currencies would provide more monetary stability than do central banks. Surprisingly enough, modern private money may emerge first in Eastern Europe, where the gap between the economy's need and the government's money is greates.-
--Richard Rahn, Vice President and Chief Economists, U.S. Chamber of Commerce.

-Boldly, White makes a persuasive case for free banking....In time, we may well look back and regard Competition and...

The recent revival of democracy across much of the globe, and the fragility of many of the new regimes, has inspired renewed interest in the origins of dictatorship and democracy in modern times. Assembling renowned specialists on Eastern and Western Europe, the U.S., Latin America and Japan, The Social Construction of Democracy explores the reasons for the success and failure of democracies over the past 100 years. With its sharp portraits of nations on four continents, George Reid Andrews and Herrick Chapman shed light on the historical process by which state institutions and...