[PDF.87ph] Government and Markets: Toward a New Theory of Regulation
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Government and Markets: Toward a New Theory of Regulation
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| #330701 in eBooks | 2009-11-16 | 2009-11-16 | File type: PDF|||"The heritage of James Tobin is well represented by this outstanding volume. The authors analyze the relations of government and the market from many different angles, showing the fallacies of simple critiques on the basis of deep scholarship." - Kenneth J. Ar
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 Yet there is a real danger that regulatory reforms will be rooted in outdated ideas.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 regulato...
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