George Selgin Public Deposited
- From jackhowes@yahoo.com Sat Dec 21 20:12:39 2002
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Date: Sun, 22 Dec 2002 04:12:36 -0000
To: colonial-coins@yahoogroups.com
Subject: George Selgin
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From: "Jack Howes <jackhowes@yahoo.com>" <jackhowes@yahoo.com>
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Hello group and happy holidays:
I only joined this group recently and have read through most of the
message archive which I find fascinating, especially the posted images
and related discussions of the images.
I also find the background of the time period interesting i.e., who
made these tokens and counterfeits and why.
Anyway, the point of this post is that I ran into an article by a guy
named George Selgin. He is an Economics professor at the University
of Georgia. He has an "working paper" on his site that I think a
number of the members of this group would find interesting.
It is about the small change problem in England in the late 18th
century; the time of private tokens and counterfeits.
http://www.terry.uga.edu/~selgin/files/HOTAIR9.pdf
I believe I agree with most of his argument with the exception of his
point that cast counterfeits were cheaper to make than struck
counterfeits.
Jack - 2002-12-21
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