Download or read book Legislating Instability written by Tyler Beck Goodspeed and published by Harvard University Press. This book was released on 2016-04-04 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: From 1716 to 1845 Scottish banks were among the most dynamic and resilient in Europe, effectively absorbing economic shocks that rocked markets in London and on the continent. Tyler Beck Goodspeed explains the paradox that Scotland’s banking system achieved this success without the regulations Adam Smith considered necessary for economic stability.