The forty year period 1970-2010 saw two developments in the USA: first, at the level of theory, intense academic interest in the egalitarianism of John Rawls. Second, at the level of practice, fundamental changes in the institutions, policies and norms of US society that have led Gilens and Page...

An orthodox rationale for the independence of central banking is the possession, by central banks, of a technocratic mandate. Even critics of central banking take that presumption at face value. This paper questions whether central banks possess any distinctive technical competence at all