E-Books →Balance of Power Central Banks and the Fate of Democracies

InBalance of Power, economist and historian Éric Monnet charts the rise of central banks as the nominally independent-but unavoidably political-superpowers of modern societies. This trajectory, Monnet argues, is neither inevitable nor unstoppable. By embracing the political natures of today's central banks, we can construct systems of accountability for how they interact with states and societies. Monnet shows that this effort will do more than guard against unjust power; it will put the banks to work for greater, more democratic ends.
With existential challenges looming and the work of the Federal Reserve and European Central Bank more important than ever, Balance of Power offers a trenchant case for what this century's central banks can-and must-become.