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Books > Social sciences > Politics & government > Central government > Central government policies
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Unelected Power - The Quest for Legitimacy in Central Banking and the Regulatory State (Paperback, 2 Ed)
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Unelected Power - The Quest for Legitimacy in Central Banking and the Regulatory State (Paperback, 2 Ed)
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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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