Marketcraft

How Governments Make Markets Work

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Conditions, Economic Policy
Cover of the book Marketcraft by Steven K. Vogel, Oxford University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Steven K. Vogel ISBN: 9780190699871
Publisher: Oxford University Press Publication: February 1, 2018
Imprint: Oxford University Press Language: English
Author: Steven K. Vogel
ISBN: 9780190699871
Publisher: Oxford University Press
Publication: February 1, 2018
Imprint: Oxford University Press
Language: English

Modern-day markets do not arise spontaneously or evolve naturally. Rather they are crafted by individuals, firms, and most of all, by governments. Thus "marketcraft" represents a core function of government comparable to statecraft and requires considerable artistry to govern markets effectively. Just as real-world statecraft can be masterful or muddled, so it is with marketcraft. In Marketcraft, Steven Vogel builds his argument upon the recognition that all markets are crafted then systematically explores the implications for analysis and policy. In modern societies, there is no such thing as a free market. Markets are institutions, and contemporary markets are all heavily regulated. The "free market revolution" that began in the 1980s did not see a deregulation of markets, but rather a re-regulation. Vogel looks at a wide range of policy issues to support this concept, focusing in particular on the US and Japan. He examines how the US, the "freest" market economy, is actually among the most heavily regulated advanced economies, while Japan's effort to liberalize its economy counterintuitively expanded the government's role in practice. Marketcraft demonstrates that market institutions need government to function, and in increasingly complex economies, governance itself must feature equally complex policy tools if it is to meet the task. In our era-and despite what anti-government ideologues contend-governmental officials, regardless of party affiliation, should be trained in marketcraft just as much as in statecraft.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Modern-day markets do not arise spontaneously or evolve naturally. Rather they are crafted by individuals, firms, and most of all, by governments. Thus "marketcraft" represents a core function of government comparable to statecraft and requires considerable artistry to govern markets effectively. Just as real-world statecraft can be masterful or muddled, so it is with marketcraft. In Marketcraft, Steven Vogel builds his argument upon the recognition that all markets are crafted then systematically explores the implications for analysis and policy. In modern societies, there is no such thing as a free market. Markets are institutions, and contemporary markets are all heavily regulated. The "free market revolution" that began in the 1980s did not see a deregulation of markets, but rather a re-regulation. Vogel looks at a wide range of policy issues to support this concept, focusing in particular on the US and Japan. He examines how the US, the "freest" market economy, is actually among the most heavily regulated advanced economies, while Japan's effort to liberalize its economy counterintuitively expanded the government's role in practice. Marketcraft demonstrates that market institutions need government to function, and in increasingly complex economies, governance itself must feature equally complex policy tools if it is to meet the task. In our era-and despite what anti-government ideologues contend-governmental officials, regardless of party affiliation, should be trained in marketcraft just as much as in statecraft.

More books from Oxford University Press

Cover of the book Thomas Aquinas's Summa Contra Gentiles by Steven K. Vogel
Cover of the book Cathedrals of Science by Steven K. Vogel
Cover of the book Prairie Directory of North America by Steven K. Vogel
Cover of the book Lincoln And His Admirals by Steven K. Vogel
Cover of the book The Separation of Godhead by Steven K. Vogel
Cover of the book The Crimean Tatars by Steven K. Vogel
Cover of the book A Historical Dictionary of Psychiatry by Steven K. Vogel
Cover of the book The Four Horsemen by Steven K. Vogel
Cover of the book The Uses of Pessimism by Steven K. Vogel
Cover of the book Tube of Plenty by Steven K. Vogel
Cover of the book The Biology of Human Survival by Steven K. Vogel
Cover of the book Playing Along by Steven K. Vogel
Cover of the book Justice Oliver Wendell Holmes by Steven K. Vogel
Cover of the book Listening to the Bible by Steven K. Vogel
Cover of the book The Plague of War by Steven K. Vogel
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy