Technocrats in Turmoil - Softcover

Jabko, Nicolas

Softcover

ISBN 10: 1009727451 ISBN 13: 9781009727457

Publisher: Cambridge University Press, 2026

Synopsis

As the economy became more financialized, the politics of money considerably changed after the late 1970s. American and European central bankers first allied with conservative forces to fight inflation in the 1980s; then, that alliance unravelled after the 2008 financial crisis. Many observers gloss over this change because they see central bankers either as stewards of financialization, or as economists dedicated to economic stability. Nicolas Jabko shows how changing alliances between central bankers, economists, and politicians led to momentous shifts in monetary regimes. He argues that central bankers are technocrats who navigate and powerfully shape three overlapping arenas – their own internal monetary policy committees; the economics profession; and the broader public arena. Steeped in a machine-assisted analysis of central bank archives, Technocrats in Turmoil thus reveals the key role that the Fed and the ECB played in the waxing and waning of technocratic neoliberalism.

About this title

About the Author

Nicolas Jabko is a professor of political science at Johns Hopkins University. A transatlantic scholar at heart, he has spent most of his life and career between the United States and Europe.

Edition details

• Publisher: Cambridge University Press
• Publication date: 2026
• Language: English
• ISBN 10: 1009727451
• ISBN 13: 9781009727457
• Binding: Paperback
• Number of pages: 254