The Need for Humility in Policymaking

The Need for Humility in Policymaking
Author: Stefanie Haeffele
Publisher: Rowman & Littlefield
Total Pages: 331
Release: 2019-08-22
Genre: Political Science
ISBN: 1786611368

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.

Dodd-Frank

Dodd-Frank
Author: Hester Peirce
Publisher:
Total Pages: 232
Release: 2013-01-01
Genre: Financial institutions
ISBN: 9780983607779

More than 360,000 words in length, the Dodd-Frank Wall Street Reform and Consumer Protection Act is the longest and most complex piece of financial legislation in American history. The nature and magnitude of its effects, both intended and unintended, will become clearer as regulators exercise the broad discretion given to them under the law. In this new book, the contributors ask whether the law is an effective response to the financial crisis that so deeply rattled our nation. Taking a hard look at the law's celebrated objectives, they reveal that it not only fails to achieve many of its stated goals, it also creates dangerous regulatory pathologies that could lay the groundwork for the next crisis.

Dictionary of Economics

Dictionary of Economics
Author: S.N. Chand
Publisher: Atlantic Publishers & Dist
Total Pages: 392
Release: 2006
Genre: Economics
ISBN: 9788126905355

Basically Being A Study Of How A Society Organises Its Money, Economics Continuously Enhances In Scope As New Economic Policies Are Formulated Every Year By All Countries Across The World. Accordingly, New Terms Keep Cropping Up Frequently Which Make The Subject All The More Obscure And Difficult. With A View To Make The Subject Easily Comprehensible For Students Specialising In The Field And Also The Common Man Who Are Directly Or Indirectly Related To It, The Dictionary Of Economics Has Been Prepared.Aiming At Maximum Inclusion Of Words Both Conventional And Latest, The Present Dictionary Provides In Brief The Exact Explanation Of Chosen Terminology In A Language Deliberately Kept Simple, So As To Enable The Users To Understand Them At Once. Apart From This, It Has Been Skilfully Designed Such That Even The Less Experienced Or Intelligent Users May Locate The Desired Terms Without Difficulty. The Unique Feature That Distinguishes It From Other Dictionaries On The Subject Is That It Introduces The Readers To The Leading Economists Of The World And Their Theories As Well. This Dictionary Will Prove Indispensable To The Students And Teachers Of Economics. Even The Business People As Well As General Readers, Who Want To Keep Abreast Of The Latest Economic Trends That Influence Almost Every Aspect Of Modern Life, Will Find It A Valuable Source.