Microeconomics of Central Banking
2 August 2014 at 8:42 am Peter G. Klein 2 comments
| Peter Klein |
I have a chapter in a new book edited by David Howden and Joseph Salerno, The Fed at One Hundred: A Critical View on the Federal Reserve System (New York: Springer, 2014). My chapter is called “Information, Incentives, and Organization: The Microeconomics of Central Banking,” and builds upon themes discussed many times on this blog, such as Fed independence. Here is a SSRN version of the chapter. The book comes out next month but you can pre-order at the Amazon link above.
Entry filed under: - Klein -, Bailout / Financial Crisis, Business/Economic History, Classical Liberalism, Corporate Governance, Institutions, New Institutional Economics, Strategic Management, Theory of the Firm.
Organizations and Markets 
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Divine Economy Consulting | 3 August 2014 at 2:48 pm
Microeconomics that everyone can understand and enjoy!
For those of you who read “Foundations of the Market Price System” by Milton Shapiro, this is a great complement.
http://www.amazon.com/Human-Essence-Economics-Bruce-Koerber-ebook/dp/B00M9TZS2A/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1406979969&sr=1-1
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Michael von Prollius | 22 August 2014 at 2:11 pm
I have summarized the major aspects of your sophisticated critique and added a short comment which includes a few aspects that might be worth considered in further studies.
http://www.forum-ordnungspolitik.de/zur-inflationskrise/hintergruende/1450-zentralbanksysteme-sind-falsch-organisiert–eine-neue-perspektive