Cracks in the “Regulatory State”

Dados Bibliográficos

ID13089232
AutoresCharles Perrow (Yale University, autor correspondente)
Ano2015
Volume2
Fascículo3
Páginas203-212
Data de publicação2015-06-03
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoSocial Currents (JOURNAL)
Identificadores do periódicoISSN: 2329-4965 • E-ISSN: 2329-4973
EditoraSAGE Publishing (PUBLISHER • US)
DOI10.1177/2329496515589855
OpenAlexW2431232518
IdiomaEN
Citações recebidas10
Referências citadas17

Over the last 30 years, the U.S. states has retreated from its regulatory responsibility over private-sector economic activities. Over the same period, a celebratory literature, mostly in political science, has developed, characterizing the current period as the rise of the regulatory state or regulatory capitalism. The notion of regulation in this literature, however, is a perverse one—one in which regulators mostly advise rather than direct, and industry and firm self-regulation is the norm. As a result, new and potentially dangerous technologies such as fracking or mortgage backed derivatives are left unregulated, and older necessary regulations such as prohibitions are weakened. This article provides a joint criticism of the celebratory literature and the deregulation reality, and strongly advocates for a new sociology of regulation that both recognizes and documents these failures

Capitalism · Criticism · Deregulation · Economics · Law and economics · Market economy · Norm (philosophy · Political economy · Political science · Politics · Sociology · State (computer science · Global trade, sustainability, and social impact · Law · Regulation and Compliance Studies · Wildlife Conservation and Criminology Analyses