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
Lagom
Valuation
A Splendid Exchange
The Selfish Gene
Going Clear
The Psychedelic Explorer's Guide
The Doctrine of Deification in the Greek Patristic Tradition
The Upside of Stress
The Story of Civilization: Our Oriental Heritage
Journey to the Center of the Earth
The Invisible Gorilla
The Inimitable Jeeves
Foundation and Empire
The Fund
Win Bigly
Confessions of a Pricing Man
Statistical Consequences of Fat Tails
Googled
The Power Law
New Power
Alexander Hamilton
David Foster Wallace
Man, Economy, and State
Les Miserables
Richard Feynman
Trump: America First
Billion Dollar Whale
The Things They Carried
The Art of Asking
A Conflict of Visions
A Brief History of Intelligence
Race Matters
Primed to Perform
Coyote America
Good Night Stories for Rebel Girls
I am Anne Frank
Positioning
Amazon Unbound
Lincoln at Gettysburg
Men, Machines, and Modern Times
How to Talk So Kids Will Listen & Listen So Kids Will Talk
101 Reasons to Get Out of Bed
A Mind at Home with Itself
The Passage of Power
Cry, The Beloved Country
Sustainable Materials With Both Eyes Open
The Fourth Part of the World
The Creative Curve
Unravelling the Double Helix
Lolita
The Story of Design
The Complete Novels of Jane Austen
Globalization and its Discontents
Three Blind Mice
These Truths
Aware
Getting to Yes
Diet for a Small Planet
Between The World And Me
Steal Like an Artist
King, Warrior, Magician, Lover
A Short History of Nearly Everything
Walt Disney
Stretching the School Dollar
Inside The House of Money
Walden
Principles of Economics
Wind, Sand and Stars
Industrial-Strength Denial
How To Decide
Edison
A Guide To The Good Life
A Cure for the Common Company
Job Stacking
Decrypting Money
Marc's Mission
Build
Shattered
The Interpretation of Dreams
Xi Jinping: The Governance of China
The Future Is Asian
Natural Capitalism
Happiness
Bull by the Horns
Eradication
Pilot's Handbook of Aeronautical Knowledge
Essentialism
My Life on the Road
Team of Teams
The Making of a Manager
No Rules Rules
The Essential Wooden
The TB12 Method
Skin In The Game
Hail Mary
Value Investing
Amusing Ourselves to Death
Moab Is My Washpot
Die With Zero
House On Fire