Unelected power: Central banking, the regulatory state, and democratic legitimacy - Patent eligibility issues return to the forefront.


In his new book “Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State” (Princeton University Press, 2018), Sir Paul Tucker presents lessons for agents of the administrative state in their quest to maintain democratic legitimacy while insulating their decision-making from the frenzy of the political class. Join AEI for a presentation and discussion of this important work featuring the author and a panel of experts.

Significant parts of the modern public sector are not under the direct control of the elected representatives of the people. Instead, judges and independent regulators exercise immense delegated, unelected power over a range of areas and activities. The response to the global financial crisis and the deep recession that followed has brought central bankers, in particular, to the forefront of public attention. In his new book “Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State” (Princeton University Press, 2018), Sir Paul Tucker presents lessons for agents of the administrative state in their quest to maintain democratic legitimacy while insulating their decision-making from the frenzy of the political class.

Join AEI for a presentation and discussion of this important work featuring the author and a panel of experts.

Join the conversation on social media by following @AEI and @AEIecon on Twitter and Facebook.

If you are unable to attend, we welcome you to watch the event live on this page. Full video will be posted within 24 hours.

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