| The Need for Humility in Policymaking: Lessons from Regulatory Policy Contributor(s): Haeffele, Stefanie (Editor), Hobson, Anne (Editor) |
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ISBN: 1786611341 ISBN-13: 9781786611345 Publisher: Rowman & Littlefield Publishers OUR PRICE: $158.40 Product Type: Hardcover - Other Formats Published: August 2019 |
| Additional Information |
| BISAC Categories: - Political Science | Political Economy - Business & Economics |
| Dewey: 320.6 |
| LCCN: 2019013282 |
| Series: Economy, Polity, and Society |
| Physical Information: 0.88" H x 6" W x 9" (1.44 lbs) 330 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. |
Contributor Bio(s): Haeffele, Stefanie: - Stefanie Haeffele is the Deputy Director of Academic and Student Programs and a senior fellow for the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University. She is the co-author of Community Revival in the Wake of Disaster: Lessons in Local Entrepreneurship with Virgil Henry Storr and Laura E. Grube (2015, Palgrave).Hobson, Anne: - Anne Hobson is the program manager of the MA Fellowship for the Academic and Student Programs team at the Mercatus Center at George Mason University. She is also an associate fellow in technology policy at the R Street Institute and was previously an public policy associate at Facebook. |
