Books reviewed: Frederic E. Sautet, An Entrpreneurial Theory of the Firm David M. Newbery, Privatization, Restructuring and Regulation of Network Utilities G. C. Peden, The Treasury and British Public Policy, 1906-59 Karl-Heinz Paque', Structural Unemployment and Real Wage Rigidity in Germany

This paper will focus on the powerful contributions to the winning side, the currency school, of Loyd, its most formidable member. His father Lewis Loyd, was a Welsh Classical Tutor and Unitarian Preacher who married the daughter of a Manchester banker. Lewis Loyd turned a small bank into a...