Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State

Central bankers have emerged from the financial crisis as the third great pillar of unelected power alongside the judiciary and the military. They pull the regulatory and financial levers of our economic well-being, yet unlike democratically elected leaders, their power does not come directly from the people. 

Transforming the corporate mission

We have a hundred years of research on how to maximize commercial value, Julie Battilana argues. It’s time to focus on understanding how to generate social value and what it takes to be the kind of change-maker that can do that.

A strong dollar may well be only America’s problem

China and the EU are not likely to rush into a multilateral accord to lower the value of the dollar, argues Carmen Reinhart, Minos A. Zombanakis Professor of the International Financial System.