IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/18498_27.html
   My bibliography  Save this book chapter

The politics of apolitical money: Paul Volcker and monetary policy in action

In: The Elgar Companion to Modern Money Theory

Author

Listed:
  • David Stein

Abstract

This chapter reexamines the role of Paul Volcker and the Federal Reserve in attempting to halt the inflation crisis of the late 1970s and early 1980s. By critically reassessing the political and distributional choices of the Volcker era, this chapter affirms the perspective that money is itself a legal governance project. By recognizing money as such, especially during the iconic “Volcker moment,” it aims to open political space for a robust debate about what precise forms the political management of inflation should take.

Suggested Citation

  • David Stein, 2024. "The politics of apolitical money: Paul Volcker and monetary policy in action," Chapters, in: Yeva Nersisyan & L. R. Wray (ed.), The Elgar Companion to Modern Money Theory, chapter 27, pages 352-363, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:18498_27
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/doi/10.4337/9781788972246.00038
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:18498_27. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.