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Regulation - Legal Form and Economic Theory (Paperback, Revised Ed.)
Loot Price: R1,393
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Regulation - Legal Form and Economic Theory (Paperback, Revised Ed.)
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This is a reprint of Anthony Ogus' classic study of
regulation,first published in the 1990s. It examines how, since the
last decades of the twentieth century there have been fundamental
changes in the relationship between the state and industry. With
the aid of economic theory Anthony Ogus critically examines the
ways in which public law has been adapted to the task of regulating
industrial activity and provides a systematic overview of the
theory and forms of social and economic regulation. In particular,
he explores the reasons why governments regulate, for which,
broadly speaking, two theoretical frameworks exist. First 'public
interest' theories determine that regulation should aim to improve
social and economic welfare. Second, 'economic' theories suggest
that regulation should aim to satisfy the demands of private
interests. The book also looks at the evolution of the forms of
regulation in Britain, extending to the policies of privatization
and deregulation which were so characteristic of the period. The
author skilfully evaluates the advantages and disadvantages of the
different forms of regulation, particularly in the light of the two
theoretical frameworks, but also by involving an analysis of how
firms respond to the various kinds of incentives and controls
offered by government. A significant feature of the book is its
analysis of the choices made by governments between the different
forms of regulation and the influence exerted by interest groups
(including bureaucrats) and EC law.
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