Lawrence H. White

Lawrence H. White

  • Member, Financial Markets Working Group
  • Professor of Economics, George Mason University

Lawrence H. White is a professor of economics at George Mason University. Prior to position at George Mason, he was the F. A. Hayek Professor of Economic History in the Department of Economics, University of Missouri-St. Louis. He has been a visiting professor at the Queen's School of Management and Economics, Queen's University of Belfast, and a visiting scholar at the Federal Reserve Bank of Atlanta.

Professor White is the author of The Theory of Monetary Institutions (Blackwell, 1999), Free Banking in Britain (2nd ed., IEA, 1995), and Competition and Currency (NYU Press, 1989). He is the editor of several works, including The History of Gold and Silver (3 vols., Pickering and Chatto, 2000), The Crisis in American Banking (NYU Press, 1993), African Finance: Research and Reform (ICS Press, 1993), and Free Banking (3 vols., Edward Elgar, 1993). His articles on monetary theory and banking history have appeared in the American Economic Review, the Journal of Economic Literature, the Journal of Money, Credit, and Banking, and other leading professional journals.

Dr. White earned his PhD from the University of California, Los Angeles, and his AB from Harvard University.

WORKING PAPERS

The Roaring Twenties and the Austrian Business Cycle Theory image

The Roaring Twenties and the Austrian Business Cycle Theory

(Chapter 3 from The Clash of Economic Ideas)
Lawrence H. White | Jun 11, 2010
The stock market crash in October of 1929 followed a downturn in manufacturing output that had begun a few months earlier. Economies in other industrial countries similarly slumped. Economists around the world sought to figure out what had happened. Could the downturn have been avoided, or was there something about the boom years that destined them to come to an end?

The Economic Clashes of the Last Hundred Years image

The Economic Clashes of the Last Hundred Years

(Chapter 1 from The Clash of Economic Ideas)
Lawrence H. White | Jun 11, 2010
Behind all the changes in economic policy systems over the last hundred years lies a continuing clash of economic ideas. We will dig into the history of economic doctrines to understand how the ideas originated and developed over time to take the policy forms they did.

The Bolshevik Revolution and the Socialist Calculation Debate image

The Bolshevik Revolution and the Socialist Calculation Debate

(Chapter 2 from The Clash of Economic Ideas)
Lawrence H. White | Jun 11, 2010
Lenin imagined that in the communism of the ultimate future, the state would wither away. In the socialist transition between capitalism and communism, however, far-reaching state control of the economy would be necessary to advance the interests of the workers.

MEDIA CLIPPINGS

Reuters

McKinsey shocked by insider-trading allegations

Lawrence H. White | Oct 19, 2009
Lawrence J. White was quoted in a Reuters article about insider-trading allegations brought against McKinsey & Co and the company's use of new investment options to recruit college graduates. "It is like saying it is OK to take advantage of information you are learning," said White, a former regulator. "It may have been too short from…