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Laurence Kotlikoff, Jimmy Stewart is Dead: Ending the World's Ongoing Financial Plague with Limited Purpose Banking

Laurence Kotlikoff, Jimmy Stewart is Dead: Ending the World's Ongoing Financial Plague with... Business Economics Vol. 46, No. 1 National Association for Business Economics Book Reviews depositor, you could have in- and Frank Knight in the 1930s— Jimmy Stewart is Dead: numerable choices among ac- three of the world’s leading eco- Ending the World’s counts—each offering a different nomists of their day. The world Ongoing Financial risk and expected return. listened to John Maynard Keynes’ For example, you could have many deep insights; but unfortu- Plague with Limited an account backed by cash and nately, it entirely ignored Simons, Purpose Banking you would probably pay a fee Fisher, and Knight. for the privilege. Or, you could Laurence Kotlikoff, who is have an account backed by professor at Boston University, By Laurence Kotlikoff. 2010. Treasury bills, or one backed by a fellow of the Econometrics New York: John Wiley and Sons. high grade corporate paper. Society, and a research associate Pp. 241, $27.95 hardcover. Each account would have its of the National Bureau of Eco- own set of rules on how (and nomic Research, thinks this is an Business Economics (2011) 46, 56–57. how quickly) funds could be idea worth reviving. He calls it doi:10.1057/be.2010.42 withdrawn. Limited Purpose Banking (LPB), In such a http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Business Economics Springer Journals

Laurence Kotlikoff, Jimmy Stewart is Dead: Ending the World's Ongoing Financial Plague with Limited Purpose Banking

Business Economics , Volume 46 (1): 2 – Jan 1, 2011

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Publisher
Springer Journals
Copyright
2011 National Association for Business Economics
ISSN
0007-666X
eISSN
1554-432X
DOI
10.1057/be.2010.42
Publisher site
See Article on Publisher Site

Abstract

Business Economics Vol. 46, No. 1 National Association for Business Economics Book Reviews depositor, you could have in- and Frank Knight in the 1930s— Jimmy Stewart is Dead: numerable choices among ac- three of the world’s leading eco- Ending the World’s counts—each offering a different nomists of their day. The world Ongoing Financial risk and expected return. listened to John Maynard Keynes’ For example, you could have many deep insights; but unfortu- Plague with Limited an account backed by cash and nately, it entirely ignored Simons, Purpose Banking you would probably pay a fee Fisher, and Knight. for the privilege. Or, you could Laurence Kotlikoff, who is have an account backed by professor at Boston University, By Laurence Kotlikoff. 2010. Treasury bills, or one backed by a fellow of the Econometrics New York: John Wiley and Sons. high grade corporate paper. Society, and a research associate Pp. 241, $27.95 hardcover. Each account would have its of the National Bureau of Eco- own set of rules on how (and nomic Research, thinks this is an Business Economics (2011) 46, 56–57. how quickly) funds could be idea worth reviving. He calls it doi:10.1057/be.2010.42 withdrawn. Limited Purpose Banking (LPB), In such a

Journal

Business EconomicsSpringer Journals

Published: Jan 1, 2011

There are no references for this article.