October 24, 2018
This talk is open to the public.
The underlying theme of Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State, and what connects it to current debates, is that a certain kind of liberalism (especially legal liberalism) is insufficient to legitimise delegating power to government bodies that are insulated from day-to-day politics, such as independent central banks and some regulators. If our system of government is to be resilient, something has to be done about this given the inevitability of periodic policy failures. In a nutshell, that means drawing on Republican traditions of democracy as well as on liberal constraints.
The Minda de Gunzburg Center for European Studies (CES)
Center for American Political Studies
The Mossavar-Rahmani Center for Business & Government, Harvard Kennedy School