Tucker, Paul
Unelected Power
- ISBN 13:
- 9780691176734
- author:
- Tucker, Paul
- format:
- HardBack
- publisher:
- Princeton University Press
- language:
- English
- Publication Year:
- 2018
- Pages:
- 656
- Dimensions:
- 23.88 x 16.51 x 4.83 centimetres
- Genre:
- Business, Money Investment, Banks & Banking,
- Condition:
- New
- Availability:
- Item usually sent within 10 working days
Description
Central bankers have emerged as a third pillar of unelected power in modern government, alongside the judiciary and the military. This book explores the principles needed to ensure that central bankers and other policymakers remain stewards of the common good. Paul Tucker draws on his extensive experience in policymaking to examine the big issues raised by unelected power, using examples from various countries including the US, Britain, France, Germany, and the European Union. He argues that delegated but insulated power can be legitimate within a constitutional democracy and the rule of law, and explains how incentives are needed to make the system work as intended. By exploring the necessary conditions for legitimacy in the regulatory state, Tucker shows how central bankers can emulate self-restraint and become models of dispersed power. This book provides a critical analysis of unelected power and offers practical insights into harnessing it for the people's purposes.
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