Johnsen on the Economics of the Potlatch

Bruce Johnsen has posted “The Potlatch as Fractional Reserve Banking” on SSRN, forthcoming in Unlocking the Wealth of Indian Nations, edited by Terry L. Anderson. Here is the quick description:

This chapter focuses on the Northwest Coast Tribes’ early capital markets and specifically on how their potlatch system served as a system of fractional reserve banking to expand their money supply and finance wealth enhancing investments.

This entry was posted in Author: Matthew L.M. Fletcher, Scholarship and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s