Rethinking Market Regulation: Helping Labor by Overcoming Economic Myths

ISBN-10: 0197578977
ISBN-13: 9780197578971
Category: Law
Pages: 183
Language: English
Published: 2021-05-25
Publisher: Oxford University Press
Author: John N. Drobak

Description

A subversive approach to economic theory, Rethinking Market Regulation explores the devastating impact of globalisation and a lack of governmental regulation on the US workforce. It challenges two key economic principles: that markets are competitive, making government intervention unnecessary, and the claim that corporations exist for the benefit of their shareholders, but not for other stakeholders. Arguing that both principles are based in myth, this book offers an insightful perspective into the plight of workers faced with widespread job losses through the merging and outsourcing of resources. Rethinking Market Regulation ties together the problems that come with using economic principles as a justification for a lack of government intervention with the harm and widespread social repercussions faced by workers. With a close focus on the personal and financial consequences of losing employment, this book offers a compelling comparison of the legal and social treatment of labor in the US and the EU, closing with the recommendation for a new regulatory regime as a prescription for the current system of mass inequality and widespread job losses. Rethinking Market Regulation is ideal for scholars, professionals and anyone else interested in gaining an alternative perspective to modern US economic theory and market regulation.

Get the book

Other editions

Rethinking Market Regulation: Helping Labor by Overcoming Economic Myths
- 2021
- 200 pages
- Paperback
- Oxford University Press

Similar books

Rethinking Market Regulation: Helping Labor by Overcoming Economic Myths
By John N. Drobak
"This book tackles the plight of workers who lose their jobs from mergers and outsourcing by examining two economic "principles' or narratives that have shaped the perception of the economic system in the U.S. today: (1) the notion that the ...
Rethinking Regulatory Structure
By Robert A. Schwartz, John Aidan Byrne, Gretchen Schnee
That is the backdrop for this thought-provoking book, emerging from a Baruch College Conference on equity market structure in the aftermath of the global financial crisis, and featuring contributions from an acclaimed panel of international ...
Rethinking Markets in Modern India: Embedded Exchange and Contested Jurisdiction
By Sebastian Schwecke, Barbara Harriss-White, Douglas E. Haynes
Using historical and ethnographic analyses, this book shows how Indian markets are embedded in society and politically contested.
The Money Problem: Rethinking Financial Regulation
By Morgan Ricks
In The Money Problem, Morgan Ricks addresses all of these questions and more, offering a practical yet elegant blueprint for a modernized system of money and banking—one that, crucially, can be accomplished through incremental changes to ...
Rethinking the Regulation of Cryptoassets: Cryptographic Consensus Technology and the New Prospect
By Johnstone, Syren
This thought-provoking book challenges the way we think about regulating cryptoassets.
Rethinking Consumer Protection: Escaping Death by Regulation
By Thomas Tacker
Annual Review of Financial Economics 4 (2012): 1–36. https://business.illinois.edu/gpennacc/GPNarrowBankARFE.pdf. Perry, Mark J. “Thanks to a Private-public Taxi Cartel in NYC, the Value of a Taxi Medallion has Increased 5X Times Faster ...
Rethinking Health Care Policy: The New Politics of State Regulation
By Robert B. Hackey
through regulation ( Hadley and Swartz 1989 ; Robinson and Luft 1988 ; Thorpe 1993 ) , such programs often encountered strong opposition from health care providers . Rate - Setting Hospital rate regulation first gained popularity as a ...
Rethinking the EU Regulatory Strategy for the Internal Energy Market
By Christian Egenhofer, Kyriakos Gialoglou
Paperback Books (€25 in print or €20 in PDF at http://shop.ceps.be) The European Transformation of Modern Turkey, ... 51 The New Basel Capital Accord and the Future of the European Financial System, Rym Ayadi and Andrea Resti, ...
The Money Problem: Rethinking Financial Regulation
By Morgan Ricks
... 128–29 Nomura Group, 133 nonbank financial institutions (SIFIs), 253, 255–61 Office of the Comptroller of the Currency (OCC), 160–61,209–10 Ohanian, Lee, 126 Omarova, Saule, 208 100% reserve banking, 11, 170–73,263, 268n29, ...
Government and Markets: Toward a New Theory of Regulation
By David A. Moss, Edward J. Balleisen
Baron, David P., and David A. Besanko. 1984a. “Regulation, Asymmetric Information, and Auditing.” RAND ]ournal ofEconomics 15 (4): 447470. Baron, David P., and David A. Besanko. 1984b. “Regulation and Information in a Continuing ...