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Books > Business & Economics > Finance & accounting > Finance > Public finance
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The Economic Constitution (Hardcover)
Loot Price: R3,864
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The Economic Constitution (Hardcover)
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There has been little analysis of the constitutional framework for
management of the UK economy, either in constitutional law or
regulatory studies. This is in contrast to many other countries
where the concept of an 'economic constitution' is well
established, as it is in the law of the European Union. Given the
extensive role of the state in attempting to resolve recent
financial crises in the UK and elsewhere in Europe, it is
particularly important to develop such an analysis. This book sets
out different meanings of an economic constitution, and applies
them to key areas of economic management, including taxation and
public borrowing, the management of public spending, (including the
Spending Review), monetary policy, financial services regulation,
industrial policy (including state shareholdings) and government
contracting. It analyses the key institutions involved such as the
Treasury and the Bank of England, also including a number of less
well-known bodies such as the Office for Budget Responsibility.
There is also coverage of the international context in which these
institutions operate especially the European Union and the World
Trade Organisation. It thus provides an account of the public law
applying to economic management in the UK. This book also adopts a
critical approach, assessing the degree to which there is coherence
in the arrangements for economic management, the degree to which
economic policy-making is constrained by constitutional norms, and
the degree to which economic management is subject to deliberation
and accountability through Parliament, the courts and other
institutions.
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