Regulatory Capitalism

This is no mean feat and the logic works. . . Stephen Bell, The Australian Journal of Public Administration Everyone who is puzzled by modern regulocracy should read this book.

Author: John Braithwaite

Publisher: Edward Elgar Publishing

ISBN: 9781848441262

Category: Business & Economics

Page: 260

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In this sprawling and ambitious book John Braithwaite successfully manages to link the contemporary dynamics of macro political economy to the dynamics of citizen engagement and organisational activism at the micro intestacies of governance practices. This is no mean feat and the logic works. . . Stephen Bell, The Australian Journal of Public Administration Everyone who is puzzled by modern regulocracy should read this book. Short and incisive, it represents the culmination of over twenty years work on the subject. It offers us a perceptive and wide-ranging perspective on the global development of regulatory capitalism and an important analysis of points of leverage for democrats and reformers. Christopher Hood, All Souls College, Oxford, UK It takes a great mind to produce a book that is indispensable for beginners and experts, theorists and policymakers alike. With characteristic clarity, admirable brevity, and his inimitable mix of description and prescription, John Braithwaite explains how corporations and states regulate each other in the complex global system dubbed regulatory capitalism. For Braithwaite aficionados, Regulatory Capitalism brings into focus the big picture created from years of meticulous research. For Braithwaite novices, it is a reading guide that cannot fail to inspire them to learn more. Carol A. Heimer, Northwestern University, US Reading Regulatory Capitalism is like opening your eyes. John Braithwaite brings together law, politics, and economics to give us a map and a vocabulary for the world we actually see all around us. He weaves together elements of over a decade of scholarship on the nature of the state, regulation, industrial organization, and intellectual property in an elegant, readable, and indispensable volume. Anne-Marie Slaughter, Princeton University, US Encyclopedic in scope, chock full of provocative even jarring claims, Regulatory Capitalism shows John Braithwaite at his transcendental best. Ian Ayres, Yale Law School, Yale University, US 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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The Rise of Regulatory Capitalism

The Origins of Regulatory Capitalism Capitalism is understood here as an order
of economic accumulation that achieved its maturity sometime in the nineteenth
century . Maturity implies some coherence between the social and political on ...

Author: David Levi-Faur

Publisher: SAGE Publications, Incorporated

ISBN: 1412924928

Category: Political Science

Page: 220

View: 300

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As the papers in this issue of The Annals suggest, the current economic order is anything but free of regulation. Indeed, many policy changes seem to have expanded and extended regulation – in a global sense. The international arena is increasingly legalized, and new layer of regulatory controls is being created at still another level of policymaking as regulatory solutions adopted in North America and Europe have spread across continents.
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The Rise of Regulatory Capitalism

As the papers in this issue of The Annals suggest, the current economic order is anything but free of regulation. Indeed, many policy changes seem to have expanded and extended regulation – in a global sense.

Author: David Levi-Faur

Publisher: SAGE Publications, Incorporated

ISBN: 1412924936

Category: Political Science

Page: 220

View: 537

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As the papers in this issue of The Annals suggest, the current economic order is anything but free of regulation. Indeed, many policy changes seem to have expanded and extended regulation – in a global sense. The international arena is increasingly legalized, and new layer of regulatory controls is being created at still another level of policymaking as regulatory solutions adopted in North America and Europe have spread across continents.
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Researching Mega events Under Regulatory Capitalism

A significant legacy of the 2012 Olympic Games was to demonstrate how such an event could be delivered within the governance structure of 'regulatory capitalism'.

Author: Geoff Nichols

Publisher:

ISBN: OCLC:1237581225

Category:

Page:

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A significant legacy of the 2012 Olympic Games was to demonstrate how such an event could be delivered within the governance structure of 'regulatory capitalism'. Through an autoethnographic account of researching volunteers at these Games, working with the market research company, it is shown how: public accountability was reduced by the selective availability of research results; the access to research became a marketable resource; and research ethics of the private company were inconsistent with those required within a University. This leads to a discussion of implications for researching mega-events and the relationship between academic research and commercial researchers. These include the need for researchers to pay for access and to protect their intellectual property.
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Governing through Regulation

This volume is a study of regulation in context: in the context of the public policy it is designed to deliver; the law that enables, shapes and holds it to account; and the evolving societal and institutional frameworks within which it ...

Author: Eric Windholz

Publisher: Taylor & Francis

ISBN: 9781317387718

Category: Business & Economics

Page: 288

View: 395

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Over the past forty years, numerous theoretical advances have been made. From Ayres’ and Braithwaite’s ground breaking work on ‘responsive regulation’, we have seen models of ‘smart regulation’, ‘regulatory governance’ and ‘regulatory capitalism’ emerge to capture the growing prevalence and importance of regulation in modern liberal Western capitalist societies. Important advances also have been made in the practice of regulation, with regulators evolving from traditional enforcement focussed ‘command and control’ models to being ‘modern regulators’ with a suite of diverse and innovative regulatory tools at their disposal. The book presents and critically examines these theoretical and practical developments from the perspective of governments who design regulations, and the regulators that deploy them. In doing so, the book examines the various forces and interests that influence and shape the regulatory endeavour, and the practical challenges facing governments and regulators when deciding whether and how to regulate. This volume is a study of regulation in context: in the context of the public policy it is designed to deliver; the law that enables, shapes and holds it to account; and the evolving societal and institutional frameworks within which it takes place. Aimed to provide innovative cross-disciplinary conceptual frameworks that regulators, regulatees, those whom regulation is intended to benefit, and academics, might employ to better understand and undertake the regulatory endeavour. This will be of great interest to researchers, educators, advanced students and practitioners working in the fields of political science, public management and administration, and public policy. .
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Handbook on the Politics of Regulation

I strongly recommend this volume to anyone interested in understanding the breadth and depth of contemporary scholarship on the political dimensions of regulation.' – David Vogel, University of California, Berkeley, US This unique ...

Author: David Levi-Faur

Publisher: Edward Elgar Publishing

ISBN: 9780857936110

Category: Law

Page: 712

View: 511

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'Political science has leap-frogged law, economics, and sociology to become the dominant discipline contributing to regulatory studies. David Levi-Faur's volume taps the rich veins of regulatory scholarship that have made this the case. It brings together the talented new network of politics scholars intrigued by the importance of the changing nature of state and non-state regulation. Their fresh insights complement important new work by established stars of the field. Definitely a book to have on your shelf when in search of exciting theoretical approaches to politics.' – John Braithwaite, Australian National University '"Regulation", in its manifold forms, is the central process of contemporary governance, as it seeks to blend the dynamism of market economies with responsiveness to political and normative demands for health, safety, environmental protection, and fairness. Understanding regulation's varieties, vulnerabilities, and virtues has become a significant focus of academic research and theory. This volume provides an extraordinary survey of research in that field – a survey remarkable in its comprehensiveness, outstanding in the quality of the contributions by leading regulatory scholars from different nations and academic disciplines.' – Robert A. Kagan, University of California, Berkeley, US 'An authoritative collection by a range of contributors with outstanding reputations in the field.' – Michael Moran, WJM Mackenzie Professor of Government 'This is an extraordinarily useful one-stop-shop for a wide range of traditions and approaches to the political aspects of regulation. David Levi-Faur has assembled a fine collection that by reporting on the state of the art also shows the way ahead for a discipline that has to capture and explain dramatic changes in real-world regulatory philosophies and policies.' – Claudio Radaelli, University of Exeter, UK 'This is an unusually impressive edited volume. Its contributors include the leading academic experts on government regulation from around the world. Its several clearly-written and informative essays address the most important topics, issues, and debates that have engaged students of regulatory politics. I strongly recommend this volume to anyone interested in understanding the breadth and depth of contemporary scholarship on the political dimensions of regulation.' – David Vogel, University of California, Berkeley, US This unique Handbook offers the most up-to-date and comprehensive, state-of-the-art reviews of the politics of regulation. It presents and discusses the core theories and concepts of regulation in response to the rise of the regulatory state and regulatory capitalism, and in the context of the 'golden age of regulation'. Its ten sections include forty-nine chapters covering issues as diverse and varied as: theories of regulation; historical perspectives on regulation; regulation of old and new media; risk regulation, enforcement and compliance; better regulation; civil regulation; European regulatory governance; and global regulation. As a whole, it provides an essential point of reference for all those working on the political, social, and economic aspects of regulation. This comprehensive resource will be of immense value to scholars and policymakers in numerous fields and disciplines including political science, public policy and administration, international relations, regulation, international law, business and politics, European studies, regional studies, and development studies.
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Environmental Water Markets and Regulation

In Part three, I will analyse why regulatory capitalism is an effective tool for
analysing the potential of the law to mediate relationships and create strategies
within market-based water allocation frameworks for facilitating ecologically
sustainable ...

Author: Katherine Owens

Publisher: Taylor & Francis

ISBN: 9781317293651

Category: Law

Page: 276

View: 306

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River systems around the world are degraded and are being used unsustainably. Meeting this challenge requires the development of flexible regimes that have the potential to meet essential consumptive needs while restoring environmental flows. This book focuses on how water trading frameworks can be repurposed for environmental water recovery and aims to conceptualise the most appropriate role for law in supporting recovery through these frameworks. The author presents a comprehensive study of the legal frameworks in four jurisdictions: the States of Oregon and Colorado in the western United States; the province of Alberta in Canada; and the Murray-Darling Basin in Australia/Basin State of New South Wales. A close comparative analysis of these four jurisdictions reveals a variety of distinctive regulatory arrangements and collaborations between public and private actors. In all cases, the law has been deployed to steer and coordinate these water governance activities. The book argues that each regime is based on a particular regulatory strategy, with different conceptions of the appropriate roles for, and relationships between, various actors and institutions. Legal frameworks do not have the capacity to rationalise and provide an overarching and absolute solution to the complex environmental and governance issues that arise in the context of environmental water transactions. Rather, the role of law in this context needs to be reconceptualised within the paradigm of regulatory capitalism as establishing and maintaining the limits within which regulatory participants can operate, innovate and collaborate.
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Asian Capitalism and the Regulation of Competition

Asian Capitalism and the Regulation of Competition explores the implications of Asian forms of capitalism and their regulation of competition for the emerging global competition law regime.

Author: Michael W. Dowdle

Publisher: Cambridge University Press

ISBN: 9781107355262

Category: Law

Page:

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Asian Capitalism and the Regulation of Competition explores the implications of Asian forms of capitalism and their regulation of competition for the emerging global competition law regime. Expert contributors from a variety of backgrounds explore the topic through the lenses of formal law, soft law and transnational regulation, and make extensive comparisons with Euro-American and global models. Case studies include Japan, China and Vietnam, and thematic studies include examinations of competition law's relationship with other regulatory terrains such as public law, market culture, regulatory geography and transnational production networks.
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Rules and Unruliness

A critical examination of Canadian regulatory governance and politics over the past fifty years, Rules and Unruliness builds on the theory and practice of rule-making to show why government "unruliness" - the inability to form rules and ...

Author: G. Bruce Doern

Publisher: McGill-Queen's Press - MQUP

ISBN: 9780773590410

Category: Political Science

Page: 397

View: 123

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A critical examination of Canadian regulatory governance and politics over the past fifty years, Rules and Unruliness builds on the theory and practice of rule-making to show why government "unruliness" - the inability to form rules and implement structures for compliance - is endemic and increasing. Analyzing regulatory politics and governance in Canada from the beginning of Pierre Trudeau's era to Stephen Harper's government, the authors present a compelling argument that current regulation of the economy, business, and markets are no longer adequate to protect Canadians. They examine rules embedded in public spending programs and rules regarding political parties and parliamentary government. They also look at regulatory capitalism to elucidate how Canada and most other advanced economies can be characterized by co-governance and co-regulation between governments, corporations, and business interest groups. Bringing together literature on public policy, regulation, and democracy, Rules and Unruliness is the first major study to show how and why increasing unruliness affects not only the regulation of economic affairs, but also the social welfare state, law and order, parliamentary democracy, and the changing face of global capitalism.
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State led Privatisation and the Demise of the Democratic State

Whilst the prevailing zeitgeist is one of openness and citizen empowerment, this book will show that in reality new modes of governance are emerging in which state controls have actually been expanded into many spheres of life that were ...

Author: Mike Raco

Publisher: Routledge

ISBN: 9781317050230

Category: Political Science

Page: 224

View: 265

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For decades now we have been told that we are living through a governance revolution. Gone are the days when government agencies and bureaucrats told us what to do and how to do it. We are no longer clients of the state but empowered citizens who are able to take greater control over our own lives and the activities of those who govern in our name. Across the world the prevailing narrative has become one of Good Governance, devolution, liberation, and freedom of expression. In policy fields as diverse as development planning, healthcare, and public transport a neo-pluralist rhetoric has emerged based on the principles of ’co-production’ and partnership working. And yet at the same time a curious paradox is emerging. Whilst the prevailing zeitgeist is one of openness and citizen empowerment, this book will show that in reality new modes of governance are emerging in which state controls have actually been expanded into many spheres of life that were previously left unregulated. For some a new political economy of ’regulatory capitalism’ has emerged and this, in turn, has ushered in unprecedented forms of state-led privatisation under which democratically-elected politicians have voluntarily handed over their powers, responsibilities, and resources to new corporate elites who promise to deliver services in more efficient and equitable ways. As the discussion will show, in reality the rhetoric of Good Governance has, therefore, been used to legitimate the wholesale transfer of welfare assets and services beyond the democratic control of state actors and the citizens that they represent. Privatisation has become a new utopianism that involves a revolution in ways of thinking about democracy, governance, and urban management, the implications of which will be felt by current and future generations.
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Capitalist Alternatives

This book is an attempt to respond to these and related challenges.

Author: Paul Dragos Aligica

Publisher: Routledge

ISBN: 9781317654728

Category: Political Science

Page: 210

View: 961

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The book's objective is to explore the challenge of thinking methodically - in a theoretically and empirically informed way - about alternative forms of capitalism. What are the most effective ways to conceptualize the existing models of capitalism that have captured the public imagination and are currently floating around in the public debate? How can one mobilize empirical analysis and theory in thinking about the realm of possibilities and about the future of economic order, but avoid the twin perils of scientism and historicism? This book is an attempt to respond to these and related challenges. First, it delves into the substantive aspect of the debate, taking a closer look at a set of particular forms and models of capitalism that are currently discussed both in mass media and in academic circles as plausible, or at least possible, alternatives to the status quo: Crony, State, Regulatory, and Entrepreneurial Capitalisms. By elaborating and clarifying those models, it engages in a heuristic exercise that leads to a better understanding of the task of conceptualizing and assessing, in a theoretically informed way, the diversity of forms of capitalism. Second, the book takes a step further, looking at the epistemic, theoretical and methodological dimensions of the discussion: What is involved, more precisely, in our classifying and theorizing of capitalist systems and their historical evolution? What is the epistemic basis for building plausible conjectures about the future evolution of an economic system? What are the logical and methodological parameters of our endeavors that deal with economic systems, or with the problem of continuity and change in comparative economic systems? Offering an original approach to the problem of alternative forms of capitalism, this book will be of great interest to scholars working in the field of comparative political economy.
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Privatization and Market Development

Gilardi , F. ( 2005a ) , “ The institutional foundations of regulatory capitalism : the
diffusion of independent regulatory ... Gilardi , F. ( 2005b ) , “ The formal
independence of regulators : a comparison of 17 countries and 7 sectors ' , Swiss
Political ...

Author: Graeme A. Hodge

Publisher: Edward Elgar Publishing

ISBN: STANFORD:36105123319282

Category: Business & Economics

Page: 203

View: 232

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Traces how privatisation concepts have grown in application, and how they have spread to become a central policy idea for governments. Aspires to bridge the divide between developed and developing economies. G Hodge, Monash University, Australia.
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Regulatory Theory

This volume introduces readers to regulatory theory.

Author: Peter Drahos

Publisher: ANU Press

ISBN: 9781760461027

Category: Law

Page: 783

View: 721

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This volume introduces readers to regulatory theory. Aimed at practitioners, postgraduate students and those interested in regulation as a cross-cutting theme in the social sciences, Regulatory Theory includes chapters on the social-psychological foundations of regulation as well as theories of regulation such as responsive regulation, smart regulation and nodal governance. It explores the key themes of compliance, legal pluralism, meta-regulation, the rule of law, risk, accountability, globalisation and regulatory capitalism. The environment, crime, health, human rights, investment, migration and tax are among the fields of regulation considered in this ground-breaking book. Each chapter introduces the reader to key concepts and ideas and contains suggestions for further reading. The contributors, who either are or have been connected to the Regulatory Institutions Network (RegNet) at The Australian National University, include John Braithwaite, Valerie Braithwaite, Peter Grabosky, Neil Gunningham, Fiona Haines, Terry Halliday, David Levi-Faur, Christine Parker, Colin Scott and Clifford Shearing.
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American Shockwave

Entrepreneurial capitalism was born ! Out with the Old : Dismantling Regulation
The next two chapters identify the core political decisions that pushed the U . S .
economy from an era of regulatory capitalism spanning some thirty years ...

Author: Kim Ezra Shienbaum

Publisher: Praeger Publishers

ISBN: UOM:39015054122414

Category: Business & Economics

Page: 186

View: 693

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Shienbaum argues that the New Economy of innovation, entrepreneurship, and competition was catalyzed by 1970s and 1980s federal policymaking encouraging those salutary market behaviors.
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The Journal of Australian Political Economy

Braithwaite ' s ( 2005 ) delineation of Regulatory State Capitalism has
emphasised the new connection , since the late 1990s , of state and capital in
certain ( especially Anglo ) western countries . Here the state is seen as ' market
policing or ...

Author:

Publisher:

ISBN: STANFORD:36105213167088

Category: Australia

Page:

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The Decline of Capitalism

Harry Shutt persuasively demonstrates that the present crisis is the culmination of 30 years of deepening stagnation.

Author: Harry Shutt

Publisher: Zed Books

ISBN: 1842774018

Category: Business & Economics

Page: 153

View: 479

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- Regulatory reform will not work without further reducing profitability
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Accountability and Regulatory Governance

This collection improves our understanding of the problems associated to accountability in regulatory governance, focusing on audiences, controls and responsibilities in the politics of regulation and through a systematic exploration of the ...

Author: A. Bianculli

Publisher: Springer

ISBN: 9781137349583

Category: Political Science

Page: 294

View: 765

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This collection improves our understanding of the problems associated to accountability in regulatory governance, focusing on audiences, controls and responsibilities in the politics of regulation and through a systematic exploration of the various mechanisms through which accountability in regulatory governance
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Regulating the Crypto Economy

This book focuses on the building of a crypto economy as an alternative economic space and discusses how the crypto economy should be governed.

Author: Iris H-Y Chiu

Publisher: Hart Publishing

ISBN: 9781509935741

Category: Law

Page: 416

View: 978

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This book focuses on the building of a crypto economy as an alternative economic space and discusses how the crypto economy should be governed. The crypto economy is examined in its productive and financialised aspects, in order to distil the need for governance in this economic space. The author argues that it is imperative for regulatory policy to develop the economic governance of the blockchain-based business model, in order to facilitate economic mobilisation and wealth creation. The regulatory framework should cater for a new and unique enterprise organisational law and the fund-raising and financing of blockchain-based development projects. Such a regulatory framework is crucially enabling in nature and consistent with the tenets of regulatory capitalism. Further, the book acknowledges the rising importance of private monetary orders in the crypto economy and native payment systems that do not rely on conventional institutions for value transfer. A regulatory blueprint is proposed for governing such monetary orders as 'commons' governance. The rise of Decentralised Finance and other financial innovations in the crypto economy are also discussed, and the book suggests a framework for regulatory consideration in this dynamic landscape in order to meet a balance of public interest objectives and private interests. By setting out a reform agenda in relation to economic and financial governance in the crypto economy, this forward-looking work argues for the extension of 'regulatory capitalism' to this perceived 'wild west' of an alternative economic space. It advances the message that an innovative regulatory agenda is needed to account for the economically disruptive and technologically transformative developments brought about by the crypto economy.
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Public administration

This should stimulate competition among these governments in providing a
regulatory climate that mobile factors of production find attractive' ... By contrast,
proponents of regulated capitalism place other concerns alongside market
efficiency.

Author:

Publisher:

ISBN: UCAL:B4919424

Category:

Page:

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