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

Tucker, Paul

 
9780691196305: Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State

Inhaltsangabe

How central banks and independent regulators can support rather than challenge constitutional democracy

Unelected Power lays out the principles needed to ensure that central bankers and other independent regulators act as stewards of the common good. Blending economics, political theory, and public law, this critically important book explores the necessary conditions for delegated but politically insulated power to be legitimate in the eyes of constitutional democracy and the rule of law. It explains why the solution must fit with how real-world government is structured, and why technocrats and their political overseers need incentives to make the system work as intended. Now with a new preface by Paul Tucker, Unelected Power explains how the regulatory state need not be a fourth branch of government free to steer by its own lights, and how central bankers can emulate the best of judicial self-restraint.

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Über die Autorin bzw. den Autor

Paul Tucker is a fellow at the Harvard Kennedy School and chair of the Systemic Risk Council.

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9780691176734: Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State

Vorgestellte Ausgabe

ISBN 10:  0691176736 ISBN 13:  9780691176734
Verlag: Princeton University Press, 2018
Hardcover