An examination of the post-recession responsibilities of central banks, this book proposes adaptations to the central banking model that preserve the advantages in terms of inflation control brought by their independence, while taking into account the long-term consequences of the Great Recession.

The centrality of finance -- Financialization and social structures of accumulation -- Realism in financial economics -- The shadow of the financial system -- The coming apart -- Rescue and the limits of reform -- Nations, globalization, and financialization -- The present in history