Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State by Paul Tucker

Author:Paul Tucker [Tucker, Paul]
Language: eng
Format: epub, pdf
Tags: Business & Economics, Government & Business, Banks & Banking, Political Science, Public Policy, Economic Policy, political economy, Political Ideologies, Democracy, Law, Constitutional, Administrative Law & Regulatory Practice, Philosophy, Political, General
ISBN: 9780691176734
Google: EXKYDwAAQBAJ
Amazon: 0691176736
Publisher: Princeton University Press
Published: 2018-05-22T00:00:00+00:00

That truly independent agencies need clear objectives flows from the central argument of this book that, under certain conditions, delegation-with-insulation can be squared with our deepest political values. Vague, indeterminate, or incoherent objectives break the circle of a commitment to the people’s democratically agreed purposes that shields IA policy makers and their staff from both day-to-day politics and the risk of capture by industries and other sectional interests.2

We now look at how two jurisdictions, the US and the UK, representing the traditions of legal constitutionalism and political constitutionalism (chapter 8), measure up to this requirement of our first Design Precept.

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