for Policymakers & The Public:
for Scholars & Students:
New Perspectives on Regulation book cover

New Perspectives on Regulation

DOWNLOAD PURCHASE

Edited by David Moss (Harvard Business School) and John Cisternino (The Tobin Project)

ISBN: 9780982478806; 162 pages. Paperback available for purchase July 2009; Download full text or chapters below.

New regulation shouldn't rely on old ideas. Since the 1960s, influential research on government failure helped to drive the movement for deregulation and privatization. Yet even as this branch of research was flourishing, very different ideas were sprouting in the social sciences with profound implications for our understanding of human behavior and the role of government. Some of these ideas, particularly from the field of behavioral economics, have begun to enter into discussions of regulatory purpose, design, and implementation. The process is far from complete, and many other exciting new lines of research - on everything from social cooperation to co-regulation - have hardly been incorporated at all. It is imperative that lawmakers and their constituents be able to draw on the very latest academic work in thinking anew about the role of government. This is the purpose of this book: to make the newest and most important research accessible to a broad audience.

General comments? Want an exam copy? Contact Us

Praise for ‘New Perspectives’

“For the past thirty years we have lost our awareness that fair and efficient regulation is as important to successful capitalism as free markets. New Perspectives on Regulation tells us, practically, how to go forward, as we regain that awareness.” —George Akerlof, 2001 Nobel Laureate in Economics
“At last, we have a highly readable and engaging volume – admirably brief – on financial and market regulation…The Tobin Project’s aptly titled New Perspectives uncorks the old wine of regulation to ferment a timely and provocative new vintage, replete with intriguing – even urgent – solutions. Best of all, its expert authors ponder anew the fundamental questions first raised in the 1930s: why do we need regulation of markets, where do we need it, and what do we expect of it.” —Roger Lowenstein, Bestselling author of When Genius Failed and Origins of the Crash

‘New Perspectives’ Chapters

  1. Regulation and Failure PDF
    Joseph Stiglitz, University Professor, Columbia University
  2. The Case for Behaviorally Informed Regulation PDF
    Michael S. Barr, Professor of Law, University of Michigan; Sendhil Mullainathan, Professor of Economics, Harvard University; Eldar Shafir, Professor of Psychology and Public Affairs, Princeton University
  3. From Greenspan's Despair to Obama's Hope: The Scientific Basis of Cooperation as Principles of Regulation PDF
    Yochai Benkler, Jack N. and Lillian R. Berkman Professor for Entrepreneurial Legal Studies, Harvard University
  4. Government as Risk Manager PDF
    Tom Baker, Professor, University of Pennsylvania Law School, and David Moss, John G. McLean Professor of Business Administration, Harvard Business School
  5. Toward a Culture of Persistent Regulatory Experimentation and Evaluation PDF
    Michael Greenstone, 3M Professor of Environmental Economics, Massachusetts Institute of Technology
  6. The Promise and Pitfalls of Co-Regulation: How Governments Can Draw on Private Governance for Public Purpose PDF
    Edward J. Balleisen, Associate Professor of History, Duke University, and Marc Eisner, Professor of Government, Wesleyan University
  7. The Principles of Embedded Liberalism: Social Legitimacy and Global Capitalism PDF
    Rawi E. Abdelal, Joseph C. Wilson Professor of Business Administration, Harvard Business School, and John G. Ruggie, Evron and Jeane Kirkpatrick Professor of International Affairs, John F. Kennedy School of Government, Harvard University
Government and Markets: Toward a New Theory of Regulation book cover

Government and Markets: Toward a New Theory of Regulation

DOWNLOAD PURCHASE

Edited by Edward Balleisen (Duke University) and David Moss (Harvard Business School)

ISBN-13: 9780521118484; 560 pages. Hardback available for purchase November 2009; Download full text or chapters below.

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, nor point us toward the best solutions. Regulatory studies, long neglected in an atmosphere focused on deregulatory work, are in critical need of new models and theories that can guide effective policymaking. This interdisciplinary volume points the way toward the modernization of regulatory theory: its essays, by leading scholars in a number of fields, move past predominant approaches to integrate the latest research about the interplay between human behavior, societal needs, and regulatory institutions. The book concludes by charting a research agenda for scholars that would better incorporate emerging perspectives on government regulation, with the hope of sparking sustained academic engagement on questions of regulation and the economic role of the state.

General comments? Want an exam copy? Contact Us

Praise for ‘Government and Markets’

“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. Arrow, 1972 Nobel Laureate in Economics
“A deeply distinguished multidisciplinary gathering lays out new directions and bold challenges for regulatory theory and practice. The hope and promise of this work is for a more civilized and creative capitalism.” —John Braithwaite, Australian National University

‘Government and Markets’ Chapters

  1. Government Failure vs. Market Failure: Principles of Regulation PDF
    Joseph Stiglitz, University Professor, Columbia University
  2. Effective Regulation through Credible Cost-Benefit Analysis: The Opportunity Costs of Superfund PDF
    Michael Greenstone, 3M Professor of Economics, Massachusetts Institute of Technology
  3. From "State Interference" to the "Return of the Market": The Rhetoric of Economic Regulation from the Old Gilded Age to the New PDF
    Mary O. Furner, Professor of History, University of California, Santa Barbara
  4. Lessons from Europe: Some Reflections on the European Union and the Regulation of Business PDF
    Neil Fligstein, Class of 1939 Chancellor's Professor of Sociology, University of California, Berkeley
  5. Confidence Games: How Does Regulation Constitute Markets? PDF
    Daniel Carpenter, Professor of Government, Harvard University
  6. The End of Special Interests Theory and the Beginning of a More Positive View of Democratic Politics PDF
    Donald Wittman, Professor of Economics, University of California, Santa Cruz
  7. Public Choice: A Critical Reassessment PDF
    Jessica Leight, Graduate Student, Massachusetts Institute of Technology
  8. The Paranoid Style in the Study of American Politics PDF
    David Moss, John G. McLean Professor of Business Administration, Harvard Business School, and Mary Oey, Lake Conservator, Houghton Library, Harvard College
  9. Law, Policy, and Cooperation PDF
    Yochai Benkler, Berkman Professor of Entrepreneurial Legal Studies, Harvard Law School
  10. Regulating Corporate Governance in the United States: Energized Government, Attenuated Politics PDF
    Mary O'Sullivan, Associate Professor of Management, Wharton School, University of Pennsylvania
  11. Taxation as a Regulatory Tool: Lessons from Environmental Taxes in Europe PDF
    Monica Prasad, Assistant Professor of Sociology, Northwestern University
  12. Redesigning Regulation: A Case Study from the Consumer Credit Market PDF
    Elizabeth Warren, Leo Gottlieb Professor of Law, Harvard Law School
  13. Origins and Regulatory Consequences of the Subprime Crisis PDF
    Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Professor of Political Science, University of California, Berkeley
  14. Prospects for Economic "Self-Regulation" in the United States: An Historian's View from the Early Twenty-First Century PDF
    Edward Balleisen, Associate Professor of History, Duke University
  15. Deregulation Theories in Litigious Society: American Antitrust and Tort PDF
    Tony Freyer, University Research Professor of History and Law, University of Alabama
  16. Markets in the Shadow of the State: An Appraisal of Deregulation and Implications for Future Research PDF
    Marc Allan Eisner, Henry Merritt Wriston Chair of Public Policy and Professor of Government, Wesleyan University