Money and the Rule of Law: Generality and Predictability in Monetary Institutions - Tapa blanda

Boettke, Peter J.

 
9781108790840: Money and the Rule of Law: Generality and Predictability in Monetary Institutions
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ISBN 10: 1108790844 ISBN 13: 9781108790840
Editorial: Cambridge University Press, 2021

Sinopsis

Contemporary monetary institutions are flawed at a foundational level. The reigning paradigm in monetary policy holds up constrained discretion as the preferred operating framework for central banks. But no matter how smart or well-intentioned are central bankers, discretionary policy contains information and incentive problems that make macroeconomic stability systematically unlikely. Furthermore, central bank discretion implicitly violates the basic jurisprudential norms of liberal democracy. Drawing on a wide body of scholarship, this volume presents a novel argument in favor of embedding monetary institutions into a rule of law framework. The authors argue for general, predictable rules to provide a sturdier foundation for economic growth and prosperity. A rule of law approach to monetary policy would remedy the flaws that resulted in misguided monetary responses to the 2007-8 financial crisis and the COVID-19 pandemic. Understanding the case for true monetary rules is the first step toward creating more stable monetary institutions.

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Acerca de los autores

Peter J. Boettke is a University Professor of Economics and Philosophy at George Mason University, Director of the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics, and BB&T Professor for the Study of Capitalism at the Mercatus Center at George Mason University.

Alexander William Salter is an associate professor of economics in the Rawls College of Business at Texas Tech University and the Comparative Economics Research Fellow at TTU's Free Market Institute.

Daniel J. Smith is an associate professor of economics in the Jones College of Business at Middle Tennessee State University and the Director of the Political Economy Research Institute.

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Editorial
Cambridge University Press
Año de publicación
2021
Idioma
Inglés
ISBN 10 
1108790844
ISBN 13 
9781108790840
Encuadernación
Tapa blanda
Número de páginas
212
Contacto del fabricante
no disponible
Persona responsable
gpsr@libri.de
gpsr@libri.de

Friedensallee 273
Hamburg
22763
Alemania

Otras ediciones populares con el mismo título

9781108479844: Money and the Rule of Law: Generality and Predictability in Monetary Institutions

Edición Destacada

ISBN 10:  1108479847 ISBN 13:  9781108479844
Editorial: Cambridge University Press, 2021
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