Government and markets : toward a new theory of regulation / [edited by] Edward J. Balleisen, David A. Moss.

Format:

Book

Contributor:

Balleisen, Edward J., editor.

Moss, David A., 1964- editor.

Language:

English

Subjects (All):

Trade regulation.

Industrial policy.

Physical Description:

1 online resource (xvi, 559 pages) : digital, PDF file(s).

Other Title:

Government & Markets

Place of Publication:

Cambridge : Cambridge University Press, 2010.

Language Note:

English

Summary:

After two generations of emphasis on governmental inefficiency and the need for deregulation, we now see growing interest in the possibility of constructive governance, alongside public calls for new, smarter regulation. Yet there is a real danger that regulatory reforms will be rooted in outdated ideas. As the financial crisis has shown, neither traditional market failure models nor public choice theory, by themselves, sufficiently inform or explain our current regulatory challenges. Regulatory studies, long neglected in an atmosphere focused on deregulatory work, is in critical need of new models and theories that can guide effective policy-making. This interdisciplinary volume points the way toward the modernization of regulatory theory. Its essays by leading scholars move past predominant approaches, integrating the latest research about the interplay between human behavior, societal needs and regulatory institutions. The book concludes by setting out a potential research agenda for the social sciences.

Contents:

Beyond market failure

Government failure vs. market failure : principles of regulation / Joseph E. Stiglitz

Effective regulation through credible cost-benefit analysis : the opportunity costs of superfund / Michael Greenstone

From "state interference" to the "return to the market" : the rhetoric of economic regulation from the old Gilded Age to the new / Mary O. Furner

Lessons from Europe : some reflections on the European Union and the regulation of business / Neil Fligstein

Confidence games : how does regulation constitute markets? / Daniel Carpenter

Beyond the economic theory of politics

The end of special interests theory and the beginning of a more positive view of democratic politics / Donald Wittman

Public choice : a critical reassessment / Jessica Leight

The paranoid style in the study of American politics / David A. Moss and Mary Oey

Law, policy, and cooperation / Yochai Benkler

Beyond command and control

What opportunity is knocking? : regulating corporate governance in the United States / Mary A. O'Sullivan

Taxation as a regulatory tool : lessons from environmental taxes in Europe / Monica Prasad

Redesigning regulation : a case study from the consumer credit market / Elizabeth Warren

Origins and regulatory consequences of the subprime crisis / Barry Eichengreen

The prospects for effective coregulation in the United States : a historian's view from the early twenty-first century / Edward J. Balleisen

Deregulation theories in a litigious society : American antitrust and tort / Tony Freyer

Markets in the shadow of the state : an appraisal of deregulation and implications for future research / Marc Allen Eisner.

Notes:

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Includes bibliographical references and index.

ISBN:

1-107-20339-2

0-511-70048-2

0-521-28053-2

1-282-46698-4

9786612466984

0-511-65788-9

0-511-65843-5

0-511-65657-2

0-511-65572-X

0-511-65712-9

OCLC:

609850283