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Bank of England: Servant or Master?
Author(s) -
LEVAČIĆ ROSALIND
Publication year - 1983
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1983.tb01520.x
Subject(s) - servant , politics , government (linguistics) , political science , public administration , sociology , economics , law , engineering , philosophy , linguistics , software engineering
The developing discipline of the economics of politics examines the behaviour of bureaucrats and politicians as maximisers of self‐interest like anybody else. The insights derived from this analysis can be applied to other forms of governmental activity, not least in the Bank of England. Rosalind Levačić assesses the extent to which the Bank's officials maximise their own well‐being instead of implementing Government policy.