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Books > Business & Economics > Economics > Economic systems
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Regulatory Capitalism - How it Works, Ideas for Making it Work Better (Paperback)
Loot Price: R1,373
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Regulatory Capitalism - How it Works, Ideas for Making it Work Better (Paperback)
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Contemporary societies have more vibrant markets than past ones.
Yet they are more heavily populated by private and public
regulators. This book explores the features of such a regulatory
capitalism, its tendencies to be cyclically crisis-ridden,
ritualistic and governed through networks. New ways of thinking
about resultant policy challenges are developed. At the heart of
this latest work by John Braithwaite lies the insight by David
Levi-Faur and Jacint Jordana that the welfare state was succeeded
in the 1970s by regulatory capitalism. The book argues that this
has produced stronger markets, public regulation, private
regulation and hybrid private/public regulation as well as new
challenges such as a more cyclical quality to crises of market and
governance failure, regulatory ritualism and markets in vice.
However, regulatory capitalism also creates opportunities for
better design of markets in virtue such as markets in continuous
improvement, privatized enforcement of regulation, open source
business models, regulatory pyramids with networked escalation and
meta-governance of justice. Regulatory Capitalism will be warmly
welcomed by regulatory scholars in political science, sociology,
history, economics, business schools and law schools as well as
regulatory bureaucrats, policy thinkers in government and law and
society scholars.
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