Tony Prosser publishes new book, 'The Economic Constitution'
26 March 2014
Tony Prosser's new book, 'The Economic Constitution', attempts to apply some of the insights of regulatory scholarship to economic management by central government, mainly in the UK.
The book attempts to apply some of the insights of regulatory scholarship to economic management by central government, mainly in the UK. Thus it examines, from a constitutional perspective, taxation and public borrowing, allocation of public expenditure, monetary policy, financial services regulation, industrial policy and procurement. It also examines the key institutions of economic management, including the Treasury and Bank of England, but also less well-known institutions such as the Office for Budget Responsibility, and their operations are set in an international context. The book assesses the degree to which there is coherence in the arrangements for economic management, the degree to which economic policy-making is constrained by constitutional norms, and the extent to which economic management is subject to deliberation and accountability through Parliament, the courts and other institutions.
For further details see