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Books > Business & Economics > Economics > Economic theory & philosophy
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Government and Markets - Toward a New Theory of Regulation (Paperback)
Loot Price: R1,347
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Government and Markets - Toward a New Theory of Regulation (Paperback)
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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reforms will be rooted in outdated ideas.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.
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