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 Imperial Cults and the Apocalypse of John by Steven K. Vogel
Cover of the book Who Knew? by Steven K. Vogel
Cover of the book The China Reader by Steven K. Vogel
Cover of the book Desiring the Good by Steven K. Vogel
Cover of the book The End of Time by Steven K. Vogel
Cover of the book From the Outside Looking In by Steven K. Vogel
Cover of the book Listening to Bach by Steven K. Vogel
Cover of the book Capital Punishment: Oxford Bibliographies Online Research Guide by Steven K. Vogel
Cover of the book Inconsistency, Asymmetry, and Non-Locality by Steven K. Vogel
Cover of the book To Make Our World Anew by Steven K. Vogel
Cover of the book The Politics of Drug Violence by Steven K. Vogel
Cover of the book The Book Business by Steven K. Vogel
Cover of the book The World from 1450 to 1700 by Steven K. Vogel
Cover of the book Salsa Rising by Steven K. Vogel
Cover of the book Liberty and Conscience 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