The Dark Side of the Force
| Autor: | Yves Steiner |
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| Rok vydání: | 2004 |
| Předmět: | |
| Zdroj: | Critique internationale. 22:49 |
| ISSN: | 1777-554X 1290-7839 |
| DOI: | 10.3917/crii.022.0049 |
| Popis: | The contradictions noted by the critics in the theoretical model of an ICB reveal a gradual disconnection between the theoretical tools and the problem being analysed. This disconnection is seen here as the logical consequence of an ontologico-epistemological inherent character which establishes the existence of independent political and economic spheres acting in accordance with methodological individualism. The manicheistic standpoint imposed by the ICB theorists shows politicians as not playing according to the rules. They are seen as cheating out of opportunism in order to win elections, destroying their own reputations and undermining the trust which they should inspire in the field of monetary policy. The economist, on the other hand, confirms his "good" reputation by means of his deep respect for the rules and his ability to predict politicians' cheating. However, in placing the political on the dark side of the force, the theoretical model of an independent central bank loses much of its heuristic value. |
| Databáze: | OpenAIRE |
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