Manuela Moschella, Unexpected Revolutionaries: How Central Banks Made and Unmade Economic Orthodoxy (Ithaca/London: Cornell University Press, 2024), pp. 204, 44. 95 (hardcover). ISBN: 9781501774850.

Key Points

• Explores the transformative impact of central banks on established economic beliefs and practices.
• Literature review
• Case studies of significant monetary policies
• Analysis of central bank actions over time
• Demonstrates shifts in economic thought due to central bank interventions
• Highlights the conflict between traditional and modern monetary policies
• Identifies case studies where central banks played crucial roles in economic crises