Government and markets toward a new theory of regulation

Includes bibliographical references and index.

Beyond market failure -- Government failure vs. market failure : principles of regulation / Joseph E. Stiglitz -- Effective regulation through credible cost-benefit analysis : the opportunity costs of superfund / Michael Greenstone -- From "state interference" to the "return to the market" : the rhetoric of economic regulation from the old Gilded Age to the new / Mary O. Furner -- Lessons from Europe : some reflections on the European Union and the regulation of business / Neil Fligstein -- Confidence games : how does regulation constitute markets? / Daniel Carpenter -- Beyond the economic theory of politics -- The end of special interests theory and the beginning of a more positive view of democratic politics / Donald Wittman -- Public choice : a critical reassessment / Jessica Leight -- The paranoid style in the study of American politics / David A. Moss and Mary Oey -- Law, policy, and cooperation / Yochai Benkler -- Beyond command and control -- What opportunity is knocking? : regulating corporate governance in the United States / Mary A. O'Sullivan -- Taxation as a regulatory tool : lessons from environmental taxes in Europe / Monica Prasad -- Redesigning regulation : a case study from the consumer credit market / Elizabeth Warren -- Origins and regulatory consequences of the subprime crisis / Barry Eichengreen -- The prospects for effective coregulation in the United States : a historian's view from the early twenty-first century / Edward J. Balleisen -- Deregulation theories in a litigious society : American antitrust and tort / Tony Freyer -- Markets in the shadow of the state : an appraisal of deregulation and implications for future research / Marc Allen Eisner.

"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 Yet there is a real danger that regulatory reforms will be rooted in outdated ideas.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"--Provided by publisher.