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Freer Markets, More Rules
Introduction: The Deregulation Revolution That Wasn't -- 1. Understanding Regulatory Reform -- 2. Why Change the Rules? -- 3. The United Kingdom and Japan: Two Paths to Regulatory Reform -- 4. Telecommunications: The Creation of Competition -- 5. Financial Services: The Big Bang and the Proliferation of Rules -- 6. Regulatory Reform British Style: The Separation of Regulatory Powers -- 7. Telecommunications: Reregulation with a Vengeance -- 8. Financial Services: The Ministry of Finance and the Perpetual Bargain -- 9. Regulatory Reform Japanese Style: The Strategy Behind Slowness -- 10. Other Countries: The Many Roads to Reregulation -- 11. The Irony of State-Led Deregulation.
Marketcraft
Marketcraft argues that markets do not arise spontaneously but rather are crafted by individuals, firms, and most of all by governments. Thus "marketcraft" represents a core function of government comparable to statecraft. Vogel systematically reviews the implications of this argument, critiquing prevalent schools of thought and presenting innovative lessons for policy.
Japan Remodeled
As the Japanese economy languished in the 1990s Japanese government officials, business executives, and opinion leaders concluded that their economic model had gone terribly wrong. They questioned the very institutions that had been credited with Japan's past success: a powerful bureaucracy guiding the economy, close government-industry ties, "lifetime" employment, the main bank system, and dense interfirm networks. Many of these leaders turned to the U.S. model for lessons, urging the government to liberate the economy and companies to sever long-term ties with workers, banks, suppliers, and other firms.Despite popular perceptions to the contrary, Japanese government and industry have in fa...
Marketcraft
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 "f...
Liberalism in Illiberal States
After the end of the Cold War, liberalism emerged as the world's dominant political-economic ideology, and economic liberalism seemed to have achieved global hegemony. In Liberalism in Illiberal States, Mark Vail acknowledges the dominance of economic liberalism, but argues that its implementation in specific countries is always unique and dependent upon powerful historical factors. He focuses on France, Germany, and Italy--countries that many scholars do not view as "liberal" at all--and contends they have in fact developed distinct forms of national liberalism, of which their postwar models of capitalism were merely one manifestation. Vail argues that these states' political economies have...
Freer Markets, More Rules
Over the past fifteen years, the United States, Western Europe, and Japan have transformed the relationship between governments and corporations. The changes are complex and the terms used to describe them often obscure the reality. In Freer Markets, More Rules, Steven K. Vogel dispenses with euphemisms and makes sense of this recent transformation. In defiance of conventional wisdom, Vogel contends that the deregulation revolution of the 1980s and 1990s never happened. The advanced industrial countries moved toward liberalization or freer markets at the same time that they imposed reregulation or more rules. Moreover, the countries involved did not converge in regulatory practice but combin...
Cats' Paws and Catapults: Mechanical Worlds of Nature and People
"Full of ideas and well-explained principles that will bring new understanding of everyday things to both scientists and non-scientists alike."—R. McNeill Alexander, Nature Nature and humans build their devices with the same earthly materials and use them in the same air and water, pulled by the same gravity. Why, then, do their designs diverge so sharply? Humans, for instance, love right angles, while nature's angles are rarely right and usually rounded. Our technology goes around on wheels—and on rotating pulleys, gears, shafts, and cams—yet in nature only the tiny propellers of bacteria spin as true wheels. Our hinges turn because hard parts slide around each other, whereas nature's...
The Japanese Family in Transition
These gripping biographies poignantly illustrate the strengths and the vulnerabilities of professional housewives and of families facing social change and economic uncertainty in contemporary Japan.
The Political Economy of the Abe Government and Abenomics Reforms
Explores the politics and economics of the Abe government and evaluates major policies, such as Abenomics policy reforms.
The Political Economy Reader
The Political Economy Reader advocates a particular approach to the study of political economy – the "market-institutional" perspective – which emphasizes the ways in which markets are embedded in political and social institutions. This perspective offers a compelling alternative to the market-liberal view, which advocates freer markets and less government intervention in the economy, as if states and markets were naturally at odds with each other. The reader embraces a truly interdisciplinary approach to the study of political economy, with extensive coverage from sociology, economics, history and political science. It includes some of the most important classical and contemporary theor...
