Unelected power : the quest for legitimacy in central banking and the regulatory state
(Book)

Book Cover
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Published
Princeton : Princeton University Press, [2018].
Status
Central - Adult Nonfiction  1 available
332.11 TUCKE

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LocationCall NumberStatus
Central - Adult Nonfiction332.11 TUCKEAvailable

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Format
Book
Physical Desc
xii, 642 pages ; 25 cm
Language
English
ISBN
9780691176734, 0691176736
UPC
40028233126

Notes

Bibliography
Includes bibliographical references (pages 579-610) and index.
Description
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. Unelected Power lays out the principles needed to ensure that central bankers, technocrats, regulators, and other agents of the administrative state remain stewards of the common good and do not become overmighty citizens. Paul Tucker draws on a wealth of personal experience from his many years in domestic and international policymaking to tackle the big issues raised by unelected power, and enriches his discussion with examples from the United States, Britain, France, Germany, and the European Union. Blending economics, political theory, and public law, Tucker explores the necessary conditions for delegated but politically insulated power to be legitimate in the eyes of constitutional democracy and the rule of law. He 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. Tucker 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 and become models of dispersed power.--,Provided by Publisher.

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Citations

APA Citation (style guide)

Tucker, P. M. W. (2018). Unelected power: the quest for legitimacy in central banking and the regulatory state . Princeton University Press.

Chicago / Turabian - Author Date Citation (style guide)

Tucker, Paul M. W., 1958-. 2018. Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State. Princeton: Princeton University Press.

Chicago / Turabian - Humanities Citation (style guide)

Tucker, Paul M. W., 1958-. Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State Princeton: Princeton University Press, 2018.

MLA Citation (style guide)

Tucker, Paul M. W. Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State Princeton University Press, 2018.

Note! Citation formats are based on standards as of August 2021. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.

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