Unelected Power

The Quest for Legitimacy in Central Banking and the Regulatory State

Paul Tucker

Recommended By

Book Synopsis

"Unelected Power" by Paul Tucker provides a compelling analysis of the growing influence and authority of independent regulatory agencies in modern democracies. Tucker, a former deputy governor of the Bank of England, delves into the complex and often misunderstood realm of unelected power, examining the challenges it poses to democratic governance and the delicate balance that must be struck.

Tucker explores how unelected agencies, such as central banks and regulatory bodies, have been granted substantial control over economic and social policies, often surpassing that of elected officials. Drawing on his deep understanding of monetary policy and financial stability, he explains the rationale behind delegating certain powers to independent experts and how this can improve decision-making and policy outcomes.

However, Tucker also highlights the potential risks and drawbacks of unelected power, emphasizing the need for proper accountability, transparency, and limits on regulatory discretion. He argues for a reevaluation of the delegation of power and offers thought-provoking suggestions for making unelected agencies more accessible and accountable to democratic institutions and public scrutiny.

With a clear and engaging writing style, "Unelected Power" presents a thought-provoking examination of the mechanisms and implications of unelected agencies in shaping policy outcomes. This book is an invaluable resource for policymakers, scholars, and citizens interested in understanding the intricate relationship between democratic governance and the exercise of unelected power.

Explore More Books

See All
Prime Movers of Globalization
The Origin of Wealth
101 Reasons to Get Out of Bed
Systems Medicine
Building the Intentional University
From Bacteria to Bach and Back
Hit Refresh
The Splendid and the Vile
Profile of a Nation
Deep Survival
The Moon Is A Harsh Mistress
The Black Jacobins
Getting Everything You Can Out of All You've Got
The Anatomy of Buzz
An Immense World
Good Night Stories for Rebel Girls
The Overview Effect
Faraday, Maxwell, and the Electromagnetic Field
Built To Last
DMT: The Spirit Molecule
Showing Up for Life
The Price We Pay
The Big Picture
The Black Dahlia
It's All Too Much
The Skeptics' Guide to the Universe
Seeker
Be Here Now
Every Shot Counts
Zen Mind, Beginners Mind
Out of Many, One
Troublemakers
The Culture Code
The Bet
The Giving Tree
Boyd
Leaders
Switch
The Girl With The Lower Back Tattoo
Dear Founder
Pale Rider
Vagabonding
Dune
The Upright Thinkers
The Writing Life
The God Delusion
Revolution
Steve Jobs
Mortal Republic
Thirst
Jane Eyre
Who Moved My Cheese?
The Power To Compete
The Sheltering Sky
The (Honest) Truth About Dishonesty
Talking To Humans
How Companies Win
The Wisdom Paradox
Hyperbole and a Half
The Value Investors
The Only Game In Town
Continental Reckoning
The Autobiography of Benjamin Franklin
Not Fade Away
Six Thinking Hats
Numbers Don't Lie
Energy
Gridiron Genius
Money: Master The Game
Stumbling on Happiness
Incognito
Ficciones
Autobiography of a Yogi
Race and Culture
The Great Gatsby
Into The Silence
The Charisma Myth
Oscar
Uncaring
Death Rattle
Only the Paranoid Survive
The Art Of Doing Science And Engineering
The Crisis of Global Capitalism
Breath From Salt
The Jack Vance Treasury
In Over Our Heads
Lenin
Small Is the New Big
Long Walk to Freedom
Taken for Granted
What If?
Zoning Rules!
The Heart
Dreamland
The Trump Century
The Unbearable Lightness of Being
Planetary
The Opium of the Intellectuals
Tenth of December
UFO Hunters