Book description
The Evolution of Central Banks employs a wide range of historical evidence and reassesses current monetary analysis to argue that the development of non-profit-maximizing and noncompetitive central banks to supervise and regulate the commercial banking system fulfils a necessary and natural function. Goodhart surveys the case for free banking, examines…
Why read it?
1 author picked The Evolution of Central Banks as one of their favorite books. Why do they recommend it?
Goodhart, a former head economist of the Bank of England, builds upon Bagehot to describe how modern central banks evolved to insure the private bank system.
Goodhart argues that regulations over private banks were unnecessary and that the shadow bank system (that had evolved since the Vietnam War era inflation drove banks away from the Federal Deposit Insurance Corporation in the US) would never go bankrupt. He argues that the investment banks always had sufficient reserves, so that increased regulation was undesirable.
The Crash of 2008 proved Goodhart wrong. Yet ironically, it is the exact same set of arguments that…
From Max's list on Walter Bagehot’s challenge.
If you love The Evolution of Central Banks...
Aggressor
It is April 1st, 2038. Day 60 of China's blockade of the rebel island of Taiwan.
The US government has agreed to provide Taiwan with a weapons system so advanced that it can disrupt the balance of power in the region. But what pilot would be crazy enough to run…
Want books like The Evolution of Central Banks?
Our community of 13,000+ authors has personally recommended 100 books like The Evolution of Central Banks.
Share your top 3 reads of 2025!
And get a beautiful page showing off your 3 favorite reads.
1,395
readers submitted
so far, will you?
📚 If you like The Evolution of Central Banks, you might also like...
Ramón Ramirez's Dog
Ramon Ramirez’s Dog is a collection of essays written over the years about the adventures and misadventures, mostly outside but occasionally inside the diplomatic career of a U.S. ambassador. Common threads weaving the stories together are a desire for a life well-lived, balancing career with family and friends, keeping physically…
I, Robot Alien
“Intelligent, unique, and tremendously entertaining.” - Readers' Favorite 2025
BOOKLIFE EDITOR’S PICK!
EARTH… CENTURIES AFTER THE FALL!
I was created by beings who couldn’t touch this world... only watch it crumble. Every twenty years, a new tribe... a new hope... a new failure.
I was told, “Do not interfere.” But…
