Central Banking in Theory and Practice

Why it’s on the list: Alan Blinder’s short MIT Press volume (the Lionel Robbins Lectures) on how central banks actually decide, written by a former vice chairman of the Federal Reserve.

Where I heard about it

• @BevansAdvocate — recommended on X, October 2025: “Blinder is a classic if you want to understand how central banks really operate… A former central banker himself, he has a great capacity to combine theoretical insights with the messy work of actual policy decisions.”

Connections

• Capital Allocation — the rate-setting machinery sitting underneath every allocation decision.