New Perspectives on Regulation
"For the past thirty years we have lost our awareness that fair and efficient regulation is as important to successful capitalism as free markets.  'New Perspectives on Regulation' tells us, practically, how to go forward, as we regain that awareness." -- George Akerlof, Nobel Laureate in Economics, 2001"At last, we have a highly readable and engaging volume--admirably brief--on financial and market regulation...The Tobin Project's aptly titled "New Perspectives" uncorks the old wine of regulation to ferment a timely and provocative new vintage, replete with intriguing--even urgent--solutions. Best of all, its expert authors ponder anew the fundamental questions first raised in the 1930s: why do we need regulation of markets, where do we need it, and what do we expect of it." --Roger Lowenstein, Bestselling author of "When Genius Failed" and "Origins of the Crash"