The Political Economy of Central Banking

by Gerald Epstein. From Edward Elgar:

Central banks are among the most powerful government economic institutions in the world. This volume of essays, written by PERI Co-Director Gerald Epstein, and co-authors, explores the economic and political contours of the struggle for influence over the policies of central banks such as the Federal Reserve, and the implications of this struggle for economic performance and the distribution of wealth and power in society.

Written over several decades, these works explore why central banks do what they do, and how they could better operate. Epstein shows that central banks are a contested terrain over which major economic and political groups fight for control; and demonstrates that though in the US and most other countries, private bankers have the upper-hand in this political struggle, they don’t always win.

See more here

For those interested in performing a review of this book for URPE’s flagship journal, Review of Radical Political Economics, please get in touch with Fletcher Baragar, Fletcher.Baragar@umanitoba.ca

 

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