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Business Regulation

Edited by Edward J. Balleisen, Associate Professor of History and Public Policy and Vice Provost for Interdisciplinary Studies, Duke University, US
This comprehensive collection conveys leading scholarly ideas on modern regulatory governance since 1871. The first two volumes lay out the rationales for and critiques of technocratic governance in industrialized societies. They trace the evolution of regulatory institutions, highlighting the most recent era of globalization, deregulation, privatization and regulatory innovation. The third volume presents influential frameworks for understanding regulatory culture in action, assessing the impacts of regulatory policies, and explaining regulatory change.

With an original introduction by the editor, this set is a definitive compendium for libraries, regulators, administrative lawyers, regulated businesses, NGOs and scholars of regulation from across the social sciences.
Three volume set
Extent: 2,448 pp
Hardback Price: $1255.00 Web: $1129.50
Publication Date: 2015
ISBN: 978 1 78195 159 0
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  • Business and Management
  • Corporate Governance
  • Economics and Finance
  • Economic Regulation and Governance
  • Law - Academic
  • Regulation and Governance
  • Politics and Public Policy
  • Regulation and Governance
This comprehensive collection conveys leading scholarly ideas on modern regulatory governance since 1871. The first two volumes lay out the rationales for and critiques of technocratic governance in industrialized societies. They trace the evolution of regulatory institutions, highlighting the most recent era of globalization, deregulation, privatization and regulatory innovation. The third volume presents influential frameworks for understanding regulatory culture in action, assessing the impacts of regulatory policies, and explaining regulatory change.

With an original introduction by the editor, this set is a definitive compendium for libraries, regulators, administrative lawyers, regulated businesses, NGOs and scholars of regulation from across the social sciences.
‘Edward Balleisen’s collection covers, for the first time, some of the most outstanding scholarly works on business regulation. It offers compelling testimony to the importance of historical perspective on the issue of business regulation, and to the best of my knowledge the most comprehensive and impressive scholarly effort of this sort that is currently available anywhere.’
– David Levi-Faur, The Hebrew University of Jerusalem, Israel

115 articles, dating from 1871 to 2013
Contributors include: J. Braithwaite, M. Eisner, S. Jasanoff, G. Majone, D. Moss, C. Parker, P. Sabatier, P. Schmitter, W. Streeck, K. Viscusi, J. Wiener
Volume 1

Contents:

Acknowledgements

Introduction Edward J. Balleisen


PART I VARIETIES OF REGULATORY PURPOSE: CONSTITUTING MARKETS AND THE SEARCH FOR GROWTH
A Property Rights, Organizational Forms and the Structuring of Markets

1. Thomas M. Cooley (1884), ‘Labor and Capital Before the Law’

2. Henry Crosby Emery (1895), ‘Legislation Against Futures’

3. John Spargo (1909), ‘Private Property and Personal Liberty in the Socialist State’

4. J.P. Goodrich (1915), ‘The Public Welfare and the Holding Company’

B Boundaries, Harmonization and the Creation of Common Markets

5. Walter C. Noyes (1907), ‘Development of the Commerce Clause of the Constitution’

6. P.A. Wadia (1924), ‘The True Basis of Protection for India’

7. Harland Bartholomew (1925), ‘The Prevention of Economic Waste by City Planning’

8. F.F. Elliot (1945), ‘A Proposed World Trade Board for Expanding International Trade’

C Encouraging Capital Investment and Creating Network Efficiencies

9. Samuel Insull (1915), ‘Standardization, Cost System of Rates, and Public Control’

10. H. Bruce Price (1921), ‘Grain Standardization’

PART II VARIETIES OF REGULATORY PURPOSE: THE SEARCH FOR FAIRNESS, STABILITY, AND SUSTAINABILITY
A The Problem of Monopoly / Cartels

11. Arthur T. Hadley (1886), ‘Private Monopolies and Public Rights’

12. Louis D. Brandeis (1913), ‘Cutthroat Prices: The Competition That Kills’

13. Rexford G. Tugwell (1921), ‘The Economic Basis for Business Regulation’

14. Julius Klein (1928), ‘International Cartels’

B The Problem of Market Instability

15. Mortimer J. Fox, Jr. (1936), ‘Deposit Insurance as an Influence for Stabilizing the Banking Structure’

16. M.R. Benedict (1936), ‘Production Control in Agriculture and Industry’

C The Problem of Managing Common Resources

17. Henry S. Graves (1923), ‘Public Welfare in Regard to the Conservation of Natural Resources’

PART III REGULATORY RATIONALES: THE ETHOS OF SOCIAL PROTECTION
A The Defence of Public Morals
18. Henry Colman (1909), ‘Prohibition and Public Morals’

B The Problem of Negative Externalities

19. John Kershaw (1908), ‘The Smoke Problem in Large Cities’

C The Logic of Protection (Workers, Children, Consumers, Investors)

20. Mrs. Glendower Evans (1915), ‘The Social Aspects of the Public Regulation of Wages’

21. Robert L. Hale (1923), ‘Coercion and Distribution in a Supposedly Non-Coercive State’

22. Edwin Chadwick (1881), ‘Employers’ Liability for Accidents to Workpeople’

23. Jane Addams (1907), ‘National Protection for Children’

24. Martin I. Wilbert (1914), ‘Pure Drugs and the Public Health’

25. Rolf Nugent and Leon Henderson (1934), ‘Instalment Selling and the Consumer: A Brief for Regulation’

26. Leland J. Gordon (1939), ‘Protection of the Consumer’

27. Theodore W. Glocker (1939), ‘Protecting Investors in Securities’

D The Imperative of Non-Discrimination

28. Carey McWilliams (1945), ‘Race Discrimination and the Law’

PART IV INVENTING MODERN REGULATORY GOVERNANCE: TECHNOCRATIC STRATEGIES OF INSTITUTIONAL DESIGN
A The Allure of Technocratic Expertise

29. Elisha Harris (1878), ‘The Public Health’

30. Edward B. Rosa (1913), ‘The Function of Research in the Regulation of Natural Monopolies’

B The Necessity of Publicity

31. Henry C. Adams (1902), ‘What is Publicity?’

C National Market, National Jurisdiction

32. Henry R. Seager (1912), ‘Labor Legislation A National Social Need’

D The Logic of the Independent Regulatory Commission

33. Charles F. Adams, Jr. (1871), ‘The Government and the Railroad Corporations’

34. Samuel O. Dunn (1914), ‘Regulation by Commission’

E Coping with Legal Constraints

35. Ernst Freund (1914), ‘The Police Power’

36. Felix Frankfurter (1927), ‘The Task of Administrative Law’

37. James M. Landis (1938), ‘Administrative Policies and the Courts’

F The Imperative of Democratic Participation

38. Avery Leiserson (1942), ‘Interest Representation in Administrative Regulation’

G Reshaping Environment Rather Than Behaviour

39. David M. Boodman (1968), ‘Safety and Systems Analysis, with Applications to Traffic Safety’


PART V INVENTING MODERN REGULATORY GOVERNANCE: AN EXPANDING RANGE OF POLICY INSTRUMENTS
A Rules for Land-Use

40. W.A. Rowlands (1933), ‘County Zoning for Agriculture, Forestry, and Recreation in Wisconsin’

B Price Setting / Supply Constraints

41. Simon G. Hanson (1936), ‘Argentine Experience with Farm Relief Measures’

42. J.K. Galbraith (1943), ‘Price Control: Some Lessons from the First Phase’

C Mechanisms of Sectoral Self-Regulation

43. Robert Riegel (1927), ‘The Regulation of Fire Insurance Rates’

D Mechanisms of Antitrust

44. Thurman Arnold (1940), ‘Antitrust Law Enforcement, Past and Future’

E Disclosure Requirements

45. William Z. Ripley (1932), ‘Public Utilities Insecurities’

F Quality Certification

46. Samuel Hopkins Adams (1908), ‘The Solving of the Milk Problem: How Copenhagen has Established the Feasibility of a Pure and Heathful Supply’

G Approval Regulation

47. Ralph G. Smith (1956), ‘Assuring the Safety of New Drugs’

H Macro-Systematic Stability Regulation

48. John R. Commons (1925), ‘The Stabilization of Prices and Business’

PART VI CRITIQUES OF MODERN REGULATORY GOVERNANCE

A The Assault on Individual Freedom

49. Herbert Spencer (1884), ‘The Coming Slavery’

B Conflicts with the Rule of Law

50. Friedrich A. Hayek (1960), ‘Economic Policy and the Rule of Law’

C The Problem of Democratic Legitimacy

51. Harold W. Dodds (1937), ‘Bureaucracy and Representative Government’

D The Economic Theory of Regulation: Capture and Unjust Rent Creation

52. Oskar Morgenstern (1939), ‘The Experience with Public Regulation and Public Monopoly Abroad’

53. George J. Stigler (1971), ‘The Theory of Economic Regulation’

54. Mark Green and Ralph Nader (1973), ‘Economic Regulation vs. Competition: Uncle Sam the Monopoly Man’

E The Problems of Regulatory Complexity and Inflexibility

55. J.M. Clark (1913), ‘Frontiers of Regulation and What Lies Beyond’

56. Samuel P. Huntington (1952), ‘The Marasmus of the ICC: The Commission, the Railroads, and the Public Interest’


Volume 2

Contents:

Acknowledgements

An Introduction to all three volumes by the editors appears in Volume I


PART I THE REGULATORY BASIS OF POST-WORLD WAR II CONTINENTAL AND GLOBAL INTEGRATION
A Regulation and the Making of Continental / Global Markets

1. Neil Fligstein and Alec Stone Sweet (2002), ‘Constructing Polities and Markets: An Institutionalist Account of European Integration’

2. Tim Büthe and Walter Mattli (2010), ‘Standards for Global Markets: Domestic and International Institutions’

B The Regulatory Challenges and Opportunities of Globalization

3. Philip G. Cerny (1994), ‘The Dynamics of Financial Globalization: Technology, Market Structure, and Policy Response’

4. Steven K. Vogel (1997), ‘International Games with National Rules: How Regulation Shapes Competition in “Global” Markets’

5. John Braithwaite and Peter Drahos (1999), ‘Ratcheting Up and Driving Down Global Regulatory Standards’


PART II POST-1975 REGULATORY REFORM: PRIVATIZATION, DEREGULATION, DELEGATION

A The Regulatory Implications of Privatization

6. Giandomenico Majone (1994), ‘The Rise of the Regulatory State in Europe’

B The Dynamics of Deregulation

7. Alfred E. Kahn (1979), ‘Applications of Economics to an Imperfect World’

8. Robert B. Horwitz (1986), ‘Understanding Deregulation’

C The Rediscovery of Business Self-Regulation

9. Wolfgang Streeck and Philippe Schmitter (1985), ‘Community, Market, State—and Associations? The Prospective Contribution of Interest Governance to Social Order’

10. Cary Coglianese and David Lazer (2002), ‘Management-Based Regulatory Strategies’

11. Elinor Ostrom (1999), ‘Polycentricity, Complexity, and the Commons’

D The Elaboration of Responsive Regulation

12. Neil Gunningham (2011), ‘Strategizing Compliance and Enforcement: Responsive Regulation and Beyond’

E The Promise of Mass Torts

13. William M. Landes and Richard A. Posner (1984), ‘Tort Law as a Regulatory Regime for Catastrophic Personal Injuries’

PART III POST-1975 REGULATORY REFORM: MECHANISMS OF RISK ASSESSMENT AND THE HARNESSING OF MARKET FORCES
A Risk Assessment and Risk Management

14. Edwin L. Johnson (1982), ‘Risk Assessment in an Administrative Agency’

15. Nicholas A. Ashford (1988), ‘Science and Values in the Regulatory Process’

16. Baruch Fischhoff, Paul Slovic and Sarah Lichtenstein (1982), ‘Lay Foibles and Expert Fables in Judgements About Risk’

17. Richard J. Zeckhauser and W. Kip Viscusi (1996), ‘The Risk Management Dilemma’

18. Frank Ackerman and Lisa Heinzerling (2002), ‘Pricing the Priceless: Cost-Benefit Analysis of Environmental Protection’

B The Invention of Cap and Trade

19. W. David Montgomery (1972), ‘Markets in Licenses and Efficient Pollution Control Programs’

20. Bruce A. Ackerman and Richard B. Stewart (1988), ‘Reforming Environmental Law: The Democratic Case for Market Incentives’


PART IV POST-1975 REGULATORY REFORM: MECHANISMS OF META-REGULATION

A Judicial Meta-Regulation

21. Robert B. Horwitz (1994), ‘Judicial Review of Regulatory Decisions: The Changing Criteria’

22. R. Daniel Kelemen (2006), ‘Suing for Europe: Adversarial Legalism and European Governance’, Comparative Political Studies, 39 (1), February, 101–27 [27]

B Executive Meta-Regulation

23. Jonathan B. Wiener (2013), ‘The Diffusion of Regulatory Oversight’

PART V POST-1975 REGULATORY REFORM: RETHINKING STRATEGIES OF INSTITUTIONAL DESIGN
A “Tripartism” as Check on Regulatory Capture

24. Richard C. Leone (1972), ‘Public Interest Advocacy and the Regulatory Process’

B The Insistence on Attention to Fairness

25. Rawi Abdelal and John G. Ruggie (2009), ‘The Principles of Embedded Liberalism: Social Legitimacy and Global Capitalism’

C Market Ecology / Market Architecture

26. Marc Schneiberg and Tim Bartley (2010), ‘Regulating or Redesigning Finance? Market Architectures, Normal Accidents, and Dilemmas of Regulatory Reform’

D Forcing Technological Innovation

27. Michael E. Porter and Claas van der Linde (1995), ‘Toward a New Conception of the Environment-Competitiveness Relationship’

E Social Cooperation and Principles of Regulatory Design

28. Yochai Benkler (2009), ‘From Greenspan’s Despair to Obama’s Hope: The Scientific Bases of Cooperation as Principles of Regulation’

F Cognitive Psychology and Principles of Regulatory Design

29. Michael S. Barr, Sendhil Mullainathan and Eldar Shafir (2009), ‘The Case for Behaviorally Informed Regulation’

G Integrated Approaches to Risk Management

30. Tom Baker and David Moss (2009), ‘Government as Risk Manager’

H Experimental Regulatory Governance

31. Charles F. Sabel and Jonathan Zeitlin (2010), ‘Learning the Difference: The New Architecture of Experimentalist Governance in the European Union’



Volume 3

Contents:

Acknowledgements

An Introduction to all three volumes by the editors appears in Volume I

PART I BUSINESS REGULATION IN ACTION: THE LENS OF ETHNOGRAPHY
A Ethnography of Regulatory Institutions

1. Keith Hawkins (1984), ‘Creating Cases in a Regulatory Agency’

B Ethnography of Business Responses to Regulation

2. John Braithwaite (1993), ‘Transnational Regulation of the Pharmaceutical Industry’

3. Robert A. Kagan, Neil Gunningham and Dorothy Thornton (2011), ‘Fear, Duty, and Regulatory Compliance: Lessons from Three Research Projects’

C Ethnography of Third Party Actors

4. Edward J. Balleisen (2009), ‘Private Cops on the Fraud Beat: The Limits of American Business Self-Regulation, 1895–1932’

PART II BUSINESS REGULATION IN ACTION: THE LENS OF SOCIETAL COMPARISON
5. Kazumasu Aoki and John W. Cioffi (1999), ‘Poles Apart: Industrial Waste Management Regulation and Enforcement in the United States and Japan’

6. David Vogel (2003), ‘The Hare and the Tortoise Revisited: The New Politics of Consumer and Environmental Regulation in Europe’

7. Jonathan B. Wiener and Michael D. Rogers (2002), ‘Comparing Precaution in the United States and Europe’

PART III BUSINESS REGULATION IN ACTION: EVALUATING REGULATORY OUTCOMES
A Quantitative Analysis

8. Harvey Averch and Leland L. Johnson (1962), ‘Behavior of the Firm Under Regulatory Constraint’

9. Scott J. Wallsten (2001), ‘An Econometric Analysis of Telecom Competition, Privatization, and Regulation in Africa and Latin America’

10. W. Kip Viscusi and Ted Gayer (2002), ‘Safety at Any Price?’

B Qualitative and Mixed Approaches

11. David Weil, Archon Fung, Mary Graham and Elena Fagotto (2006), ‘The Effectiveness of Regulatory Disclosure Policies’

12. Frank Dobbin and John R. Sutton (1998), ‘The Strength of a Weak State: The Rights Revolution and the Rise of Human Resources Management Divisions’

13. Margaret R. Taylor, Edward S. Rubin and David A. Hounshell (2005), ‘Regulation as the Mother of Innovation: The Case of SO2 Control’

14. Allen Blackman and Nicholas Sisto (2006), ‘Voluntary Environmental Regulation in Developing Countries: A Mexican Case Study’

15. Christine Parker (1999), ‘Compliance Professionalism and Regulatory Community: The Australian Trade Practices Regime’

PART IV PATHWAYS OF REGULATORY CHANGE: INTERESTS AND IDEAS
A Shifting Constellations of Interests

16. Lawrence M. Friedman and Jack Ladinsky (1967), ‘Social Change and the Law of Industrial Accidents’

B Shifts in Scientific Knowledge

17. Sheila Jasanoff (1992), ‘Science, Politics, and the Renegotiation of Expertise at EPA’

18. Jean-Paul Gaudillière (2006), ‘Globalization and Regulation of the Biotech World: The Transatlantic Debates over Cancer Genes and Genetically Modified Crops’

C New Social Science Ideas

19. Marc Allen Eisner (1990), ‘Institutional History and Policy Change: Exploring the Origins of the New Antitrust’

PART V PATHWAYS OF REGULATORY CHANGE: CRISES, SOCIAL MOVEMENTS, POLICY ENTREPRENEURS AND POLICY LEARNING
A Crises

20. Peter Temin (1985), ‘Government Actions in Times of Crisis: Lessons from the History of Drug Regulation’

21. Thomas A. Birkland (1998), ‘Focusing Events, Mobilization, and Agenda Setting’

B Social Movements and Narrative Framing

22. Tim Bartley (2003), ‘Certifying Forests and Factories: States, Social Movements, and the Rise of Private Regulation in the Apparel and Forest Products Fields’

23. Susan K. Sell and Aseem Prakash (2004), ‘Using Ideas Strategically: The Contest Between Business and NGO Networks in Intellectual Property Rights’

C Regulatory Entrepreneurs, Networks, and Policy Learning

24. Wilson D. Miscamble (1982), ‘Thurman Arnold Goes to Washington: A Look at Antitrust Policy in the Later New Deal’

25. Paul A. Sabatier (1988), ‘An Advocacy Coalition Framework of Policy Change and the Role of Policy-Oriented Learning Therein’

26. David Levi-Faur (2005), ‘The Global Diffusion of Regulatory Capitalism’

PART VI PATHWAYS OF REGULATORY CHANGE: ORGANIZATIONAL AND LEGAL CULTURE
27. Frank Uekoetter (1999), ‘Divergent Responses to Identical Problems: Businessmen and the Smoke Nuisance in Germany and the United States, 1880–1917’

28. Daniel R. Ernst (2009), ‘The Politics of Administrative Law: New York’s Anti-Bureaucracy Clause and the O’Brian-Wagner Campaign of 1938’

Index