Title: "Justice, Justification, and Monetary Policy"
Abstract: Since the great financial crisis of 2007-8, central banks have played an increasingly important and broad role in macroeconomic management in the UK, Europe, and US. Within democratic societies, the role of technocratic institutions in setting economic policy raises important normative questions of justice and justification. This lecture considers some of these issues relating to the role of central banks, paying special attention to forms of unconventional monetary policy such as 'quantitative easing'.
Martin O'Neill is Senior Lecturer in Political Philosophy, University of York, and works on a number of topics in moral and political philosophy. He is especially interested in equality, inequality and social justice; freedom and responsibility; and a number of issues at the intersection of political philosophy and public policy (including taxation, monetary policy, financial regulation, corporate governance, and labour unions). O'Neill's work has been supported by grants from organisations including the British Academy, the Leverhulme Trust, the Institute for New Economic Thinking (INET), the Independent Social Research Foundation (ISRF), and the Joseph Rowntree Foundation. He is a Commissioning Editor of Renewal: a Journal of Social Democracy.