Leah Downey, "Our Money: Monetary Policy as If Democracy Matters" (Princeton UP, 2024)

Leah Downey, "Our Money: Monetary Policy as If Democracy Matters" (Princeton UP, 2024)

How the creation of money and monetary policy can be more democratic. The power to create money is foundational to the state. In the United States, that power has been largely delegated to private banks governed by an independent central bank. Putting monetary policy in the hands of a set of insulated, nonelected experts has fueled the popular rejection of expertise as well as a widespread dissatisfaction with democratically elected officials. In Our Money: Monetary Policy as If Democracy Matters (Princeton UP, 2024), Leah Downey makes a principled case against central bank independence (CBI) by both challenging the economic theory behind it and developing a democratic rationale for sustaining the power of the legislature to determine who can create money and on what terms. How states govern money creation has an impact on the capacity of the people and their elected officials to steer policy over time. In a healthy democracy, Downey argues, the balance of power over money creation matters. Downey applies and develops democratic theory through an exploration of monetary policy. In so doing, she develops a novel theory of independent agencies in the context of democratic government, arguing that states can employ expertise without being ruled by experts. Downey argues that it is through iterative governance, the legislature knowing and regularly showing its power over policy, that the people can retain their democratic power to guide policy in the modern state. As for contemporary macroeconomic arguments in defense of central bank independence, Downey suggests that the purported economic benefits do not outweigh the democratic costs. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

Avsnitt(1000)

How Authoritarians Exploit Gender

How Authoritarians Exploit Gender

Gender is becoming a central battleground in contemporary authoritarian politics, but how do autocrats manipulate these debates to their own advantage? Some regimes now pursue a double strategy of sim...

25 Mars 22min

Lucia Motolinia, "Unity through Particularism: How Electoral Reforms Influence Parties and Legislative Behavior" (Cambridge UP, 2026)

Lucia Motolinia, "Unity through Particularism: How Electoral Reforms Influence Parties and Legislative Behavior" (Cambridge UP, 2026)

Why do supposedly accountability-enhancing electoral reforms often fail in young democracies? How can legislators serve their constituents when parties control the necessary resources? Unity through P...

24 Mars 28min

Stephen G. Brooks, "The Political Economy of Security" (Princeton UP, 2026)

Stephen G. Brooks, "The Political Economy of Security" (Princeton UP, 2026)

In his new book, The Political Economy of Security (Princeton University Press, 2026), Stephen Brooks provides a systematic empirical and theoretical examination of how economic factors influence secu...

22 Mars 49min

A Year of Autocratization: Steep Declines in Democracy Registered in 2025 V-Dem Report

A Year of Autocratization: Steep Declines in Democracy Registered in 2025 V-Dem Report

This week on Democracy Dialogues, host Rachel Beatty Riedl speaks with Kenneth Roberts and Paul Friesen, democracy experts at Cornell University, to unpack the takeaways of the newly released V-Dem 20...

22 Mars 43min

Sidra Hamidi, "After Fission: Recognition and Contestation in the Atomic Age" (Cambridge UP, 2026)

Sidra Hamidi, "After Fission: Recognition and Contestation in the Atomic Age" (Cambridge UP, 2026)

Nuclear status is typically treated as a stable feature of a state's capacity to possess, use, or build nuclear weapons. Challenging this view, After Fission: Recognition and Contestation in the Atomi...

21 Mars 56min

Piergiorgio Di Giminiani et al. eds., "The Futures of Reparations in Latin America: Imagination, Translation, and Belonging" (Rutgers UP, 2026)

Piergiorgio Di Giminiani et al. eds., "The Futures of Reparations in Latin America: Imagination, Translation, and Belonging" (Rutgers UP, 2026)

Over the last thirty years, Latin America has undergone an unprecedented wave of reparations targeting victims of political violence during military regimes, Indigenous and Afro-Latin groups affected ...

20 Mars 1h 13min

Paul Kohlbry, "Plots and Deeds: Agrarian Annihilation and the Fight for Land Justice in Palestine" (Stanford UP, 2026)

Paul Kohlbry, "Plots and Deeds: Agrarian Annihilation and the Fight for Land Justice in Palestine" (Stanford UP, 2026)

The emancipatory potential and limits of land justice, when land is at once home, property, territory, and homeland. Peasant farming was once an integral part of Palestine's agrarian fabric. But afte...

20 Mars 1h 10min

Our Age of War: A Discussion with Author Robert Pape

Our Age of War: A Discussion with Author Robert Pape

Robert Pape, a political scientist at the University of Chicago, has been writing about war for decades, including in his book Bombing to Win: Air Power and Coercion in War (Cornell University Press, ...

18 Mars 42min

Populärt inom Vetenskap

dumma-manniskor
p3-dystopia
allt-du-velat-veta
svd-nyhetsartiklar
kapitalet-en-podd-om-ekonomi
rss-vetenskapsradion
medicinvetarna
sexet
det-morka-psyket
hacka-livet
rss-ufo-bortom-rimligt-tvivel-2
dumforklarat
paranormalt-med-caroline-giertz
rss-vetenskapsradion-2
rss-spraket
vetenskapsradion
ufo-sverige
halsorevolutionen
rss-ronden
rss-odla