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Books > Business & Economics > Economics > Economic theory & philosophy
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Regulatory Transformations - Rethinking Economy-Society Interactions (Paperback)
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Regulatory Transformations - Rethinking Economy-Society Interactions (Paperback)
Series: Onati International Series in Law and Society
Expected to ship within 10 - 15 working days
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The issue of whether transnational risk can be regulated through a
social sphere goes to the heart of what John Ruggie has described
as 'embedded liberalism': how capitalist countries have reconciled
markets with the social community that markets require to survive
and thrive. This collection, located in the wider debates about
global capitalism and its regulation, tackles the challenge of
finding a way forward for regulation. It rejects the old divisions
of state and market, citizens and consumers, social movements and
transnational corporations, as well as 'economic' and 'social'
regulation. Instead this rich, multidisciplinary collection engages
with a critical theme-the idea of harnessing the regulatory
capacity of a social sphere by recognising the embeddedness of
economic transactions within a social and political landscape. This
collection therefore explores how social norms, practices, actors
and institutions frame economic transactions, and thereby regulate
risks generated by and for business, state and citizens. A key
strength of this book is its integration of three distinct areas of
scholarship: Karl Polanyi's economic sociology, regulation studies
and socio-legal studies of transnational hazards. The collection is
distinct in that it links the study of specific transnational risk
regulatory regimes back to a social-theoretical discussion about
economy-society interactions, informed by Polanyi's work. Each of
the chapters addresses the way in which economics, as well as
economic and social regulation, can never be understood separately
from the social, particularly in the transnational context.
Endorsement 'This thought-provoking collection asks the most
critical question of our time - how to civilise markets through
social accountability and political action. The climate and
financial crises we face show how crucial this challenge is. Lange,
Haines and Thomas have put together a series of fruitful case
studies of the possibilities for embedding economic relationships
in social relationships by a series of top-class researchers within
their own illuminating and sensitive framing of the issue'.
Professor Christine Parker, Professor of Regulatory Studies at
Monash University.
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