The need for humility in policymaking : lessons from regulatory policy / edited by Stefanie Haeffele, Anne Hobson.
2019
K3842 .N44 2019 (Mapit)
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Details
Title
The need for humility in policymaking : lessons from regulatory policy / edited by Stefanie Haeffele, Anne Hobson.
Imprint
London ; NewYork : Rowman & Littlefield International, [2019]
Description
xvii, 311 pages ; 23 cm.
Series
Economy, polity, and society (Rowman & Littlefield International)
Formatted Contents Note
Economic flaws in computerized socialism / Joseph Kane
Reading between the lines: rulemaking discretion in the federal railroad administration / Stephen M. Jones-Young
Williamsport revisited: applying an Austrian lens to the lumber and fracking booms of Williamsport, Lycoming county, Pennsylvania / Erika Grace Davies
The fable of the packets: a new institutional/market process approach to network neutrality / Nicholas Krosse
Community broadband, community benefits? An economic analysis of local government broadband initiatives / Brian Deignan
Entry regulation in hospital markets: the impact of certificate-of-need laws on hospital concentration / Ariel Slonim
Section 1115 waivers: an increasing part of the Medicaid program / Kelly Ferguson
Monetary policy after the crisis and alternative systems for macroeconomic stability / Chris Kuiper
Failed interventions: the increasing ineffectiveness of monetary and fiscal policies in high-debt environments / Katelyn Christ
Risk-based capital regulation and bank asset allocations / Kristine Johnson
Legal entity identifiers as public goods and regulatory management of financial risk / David Rann
The economic effects of the Volcker rule: restrictions on banking activity and their consequences for economic growth and stability / Derek Thieme
Reading between the lines: rulemaking discretion in the federal railroad administration / Stephen M. Jones-Young
Williamsport revisited: applying an Austrian lens to the lumber and fracking booms of Williamsport, Lycoming county, Pennsylvania / Erika Grace Davies
The fable of the packets: a new institutional/market process approach to network neutrality / Nicholas Krosse
Community broadband, community benefits? An economic analysis of local government broadband initiatives / Brian Deignan
Entry regulation in hospital markets: the impact of certificate-of-need laws on hospital concentration / Ariel Slonim
Section 1115 waivers: an increasing part of the Medicaid program / Kelly Ferguson
Monetary policy after the crisis and alternative systems for macroeconomic stability / Chris Kuiper
Failed interventions: the increasing ineffectiveness of monetary and fiscal policies in high-debt environments / Katelyn Christ
Risk-based capital regulation and bank asset allocations / Kristine Johnson
Legal entity identifiers as public goods and regulatory management of financial risk / David Rann
The economic effects of the Volcker rule: restrictions on banking activity and their consequences for economic growth and stability / Derek Thieme
Summary
Regulations impact a wide array of market and social activities that influence our daily lives. Regulations are attempts to correct perceived market failures, caused by information asymmetries, externalities, and principal-agent problems, and to provide public goods, which would otherwise be underprovided. Government actors are responsible for identifying these issues, weighing the costs and benefits of intervention, and designing and implementating regulations to improve society. Good regulations help mitigate issues in the economy without inciting new problems and without the costs exceeding the benefits of intervention. This requires intensive analysis and an awareness of the complexities of social life. Our society is complex and dynamic where people face knowledge and incentive problems, whether in the market, politics, or civil society. By examining this complex reality, we can better understand why regulations arise and persist and the challenges of reform. We argue that this approach to policymaking and policy analysis requires humility; an acknowledgment of the challenges we face when intervening in our society. This volume intends to cultivate an appreciation for the complexity of human decision making and the incentives that drive human behavior. By examining specific policy changes, it will delve into the effects of and lessons learned from regulations in financial markets, computer and internet governance, and health care innovation and delivery. This volume will be of interest to students, scholars, and policymakers who seek to understand the complexities of regulation in a dynamic social world.
Note
Regulations impact a wide array of market and social activities that influence our daily lives. Regulations are attempts to correct perceived market failures, caused by information asymmetries, externalities, and principal-agent problems, and to provide public goods, which would otherwise be underprovided. Government actors are responsible for identifying these issues, weighing the costs and benefits of intervention, and designing and implementating regulations to improve society. Good regulations help mitigate issues in the economy without inciting new problems and without the costs exceeding the benefits of intervention. This requires intensive analysis and an awareness of the complexities of social life. Our society is complex and dynamic where people face knowledge and incentive problems, whether in the market, politics, or civil society. By examining this complex reality, we can better understand why regulations arise and persist and the challenges of reform. We argue that this approach to policymaking and policy analysis requires humility; an acknowledgment of the challenges we face when intervening in our society. This volume intends to cultivate an appreciation for the complexity of human decision making and the incentives that drive human behavior. By examining specific policy changes, it will delve into the effects of and lessons learned from regulations in financial markets, computer and internet governance, and health care innovation and delivery. This volume will be of interest to students, scholars, and policymakers who seek to understand the complexities of regulation in a dynamic social world.
Bibliography, etc. Note
Includes bibliographical references and index.
Available in Other Form
Online version: Need for humility in policymaking London ; NewYork : Rowman & Littlefield International, [2019]
Call Number
K3842 .N44 2019
Language
English
ISBN
9781786611345 hardcover alkaline paper
1786611341 hardcover alkaline paper
9781786611352 paperback alkaline paper
178661135X paperback alkaline paper
1786611341 hardcover alkaline paper
9781786611352 paperback alkaline paper
178661135X paperback alkaline paper
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