{"product_id":"9781509525768","title":"Do Central Banks Serve the People?","description":"\u003ch3\u003eThe Future of Capitalism\u003c\/h3\u003e\u003ch1\u003eDo Central Banks Serve the People?\u003c\/h1\u003e\u003ch3\u003ePeter Dietsch | François Claveau | Clément Fontan\u003c\/h3\u003e\u003cdiv\u003e\u003cb\u003ePhilosophy \/ General\u003c\/b\u003e\u003c\/div\u003e\u003cbr\u003e\u003cdiv\u003e\n\u003cp\u003eCentral banks have become the go-to institution of modern economies. In the wake of the 2007 financial crisis, they injected trillions of dollars of liquidity – through a process known as quantitative easing – first to prevent financial meltdown and later to stimulate the economy. The untold story behind these measures, and behind the changing roles of central banks generally, is that they have come at a considerable cost.\u003c\/p\u003e \u003cp\u003eCentral banks argue we had no choice. This book offers a powerfully original examination of why this claim is false. Using examples from Europe and the US, the authors present and analyse three specific concerns about the way central banks in developed economies operate today. Firstly, they show how unconventional monetary policies have created significant unintended negative consequences in terms of inequalities in income and wealth. They go on to argue that central banks may have become independent of governments, but have instead become worryingly dependent on financial markets. They then proceed to analyse how central bankers, despite being the undisputed experts on monetary policy, can still err and suffer from multiple forms of bias.\u003c\/p\u003e \u003cp\u003eThis book is a sobering and urgent wake-up call for policy-makers and anyone interested in how our monetary and financial system really works.\u003c\/p\u003e\n\u003c\/div\u003e\u003cdiv\u003e \u003cb\u003ePeter Dietsch\u003c\/b\u003e is Professor of Philosophy at Université de Montréal \u003cbr\u003e\u003cbr\u003e\u003cb\u003eFrançois Claveau\u003c\/b\u003e is Assistant Professor of Philosophy at Université de Sherbrooke\u003cbr\u003e\u003cbr\u003e\u003cb\u003eClément Fontan\u003c\/b\u003e is Professor in European Economic Policies at Université catholique de Louvain\u003c\/div\u003e\u003cbr\u003e\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublication Date: \u003c\/td\u003e\n\u003ctd\u003e04 September 2018\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublisher: \u003c\/td\u003e\n\u003ctd\u003ePolity Press\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImprint: \u003c\/td\u003e\n\u003ctd\u003ePolity\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eISBN-13: \u003c\/td\u003e\n\u003ctd\u003e9781509525768\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFormat: \u003c\/td\u003e\n\u003ctd\u003eHardback\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePage Count: \u003c\/td\u003e\n\u003ctd\u003e140\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWeight (oz): \u003c\/td\u003e\n\u003ctd\u003e8.0\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e","brand":"Polity Press","offers":[{"title":"Default Title","offer_id":44379964932236,"sku":"9781509525768","price":40.5,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781509525768.jpg?v=1780180106","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9781509525768","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}