Government and markets
Subtitle: toward a new theory of regulation
By: [edited by] Edward Balleisen, David Moss.
Contributors: Balleisen, Edward J.; Moss, David A., 1964-
Publisher: Cambridge University Press
Published: 2010
Place of publication: New York
Language: eng
ISBN-13: 9780521118484
Subjects: Trade regulation; Industrial policy
Description: "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 Yet there is a real danger that regulatory reforms will be rooted in outdated ideas.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"--Provided by publisher.
Notes: Includes bibliographical references and index.
Table of contents: title: Machine generated contents note: Introduction; Part I. Beyond Market Failure: 1. Government failure vs. market failure: principles of regulation Joseph E. Stiglitz; 2. Effective regulation through credible cost-benefit analysis: the opportunity costs of superfund Michael Greenstone; 3. 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; 4. Lessons from Europe: some reflections on the European Union and the regulation of business Neil Fligstein; 5. Confidence games: how does regulation constitute markets? Daniel Carpenter; Part II. Beyond the Economic Theory of Politics: 6. The end of special interests theory and the beginning of a more positive view of democratic politics Donald Wittman; 7. Public choice: a critical reassessment Jessica Leight; 8. The paranoid style in the study of American politics David A. Moss and Mary Oey; 9. Law, policy, and cooperation Yochai Benkler; Part III. Beyond Command and Control: 10. What opportunity is knocking? Regulating corporate governance in the United States Mary A. O'Sullivan; 11. Taxation as a regulatory tool: lessons from environmental taxes in Europe Monica Prasad; 12. Redesigning regulation: a case study from the consumer credit market Elizabeth Warren; 13. Origins and regulatory consequences of the subprime crisis Barry Eichengreen; 14. Prospects for economic 'self-regulation' in the United States: an historian's view from the early twenty-first century Edward J. Balleisen; 15. Deregulation theories in a litigious society: American antitrust and tort Tony Freyer; 16. Markets in the shadow of the state: an appraisal of deregulation and implications for future research Marc Allen Eisner; Conclusion.