"An important book on a fundamental problem-by an author who combines theoretical intelligence and practical experience in a compelling fashion."-Bruce Ackerman, Yale University Unelected Power is a significant contribution to both political theory and social science."-Philip Pettit, Princeton University and Australian National University Combining experience with theoretical expertise, Paul Tucker offers us an insightful and original account of how central banks and other unelected authorities need to be oriented and constrained within a democracy. "This book is a much-needed study of a much-neglected problem. " Unelected Power brings Tucker's experience and intellect to bear on a controversial issue that has hitherto been underexplored."-Martin Vander Weyer, Literary Review "Comprehensive and thoughtful."-Peter Thal Larsen, Reuters Breakingviews " Unelected Power bristles with ideas and proposals."-Desmond King, Financial Times "A terrific book."-Anil Padmanabhan, Mint The contract between them and the people they are supposed to serve needs to be rewritten."-Ed Conway, The Times "Tucker is refreshingly honest about the problem: across a range of different countries, central bankers have become 'overmighty citizens'. "Addresses a challenge that ought to concern all persons who value both limited government and monetary stability, namely, that of reconciling central banks' extraordinary powers with the ideal of constitutional democracy."-George Selgin, Cato Institute " Unelected Power is likely to be a standard reference work for those thinking about the design of central banks for decades to come."-Michael Reddell, Central Banking Journal Tucker offers the most sophisticated discussion of principal-agency theory in the context of democracy that I have seen."-Eric Beerbohm, author of In Our Name: The Ethics of Democracy "A marvelous mix of realism and idealism-a magisterial book. Of the many books written by those involved in responding to the financial crisis, his may deserve the longest shelf life."-Lawrence H. "Tucker is right to demand a return to clear mandates for independent agencies, set and monitored by elected politicians."-Tim Harford, Financial Times Of fundamental importance to anyone interested in the future of liberal democracy."-Felix Martin, New Statesman "Reconstruct from the ground up the case for the legitimate exercise of unelected power. "Masterful."-Dani Rodrik, Project Syndicate "The most compelling recent exploration of the constitutional problems posed by an independent central bank in a democracy.
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