Bimetallism Revisited
作者原本认同复本位制不稳定、不如单本位制的传统观点，但在研究19世纪美国货币史时发现，这一观点可能错误，复本位制与金单本位制的优劣需要重新评估。
Until recently, I shared what I take to be the conventional view of monetary economists about the relative merits of bimetallism and gold monometallism: namely, that bimetallism is an unstable and unsatisfactory monetary standard involving frequent shifts between alternative monometallic standards; that monometallism is preferable, and that gold monometallism is preferable to silver monometallism. In the course of doing research on U.S. monetary history during the nineteenth century, I discovered, much to my surprise, that the conventional view is dubious, if not outright wrong, with respect to both the superiority of monometallism over bimetallism and the superiority of gold monometallism over silver monometallism.