Unelected Power PDF
By:Paul Tucker
Published on 2018-05-22 by Princeton University Press
Guiding principles for ensuring that central bankers and other unelected policymakers remain stewards of the common good 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. Like it or not, unelected power has become a hallmark of modern government. This critically important book shows how to harness it to the people's purposes.
This Book was ranked at 7 by Google Books for keyword Banking.
Book ID of Unelected Power's Books is Wb4-DwAAQBAJ, Book which was written byPaul Tuckerhave ETAG "IBXG48xm6Dw"
Book which was published by Princeton University Press since 2018-05-22 have ISBNs, ISBN 13 Code is 9781400889518 and ISBN 10 Code is 1400889510
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Book which have "656 Pages" is Printed at BOOK under CategoryBusiness and Economics
Book was written in en
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