Overview

Changing markets are challenging governance. The growing scale, reach, complexity, and popular legitimacy of market institutions and market players are re-opening old questions about the role of the public sector and redefining what it means to govern well. This volume the latest publication from the Visions of Governance in the 21st Century program at the Kennedy School of Government explores the way evolving markets alter the pursuit of ...

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Governance amid Bigger, Better Markets

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Overview

Changing markets are challenging governance. The growing scale, reach, complexity, and popular legitimacy of market institutions and market players are re-opening old questions about the role of the public sector and redefining what it means to govern well. This volume the latest publication from the Visions of Governance in the 21st Century program at the Kennedy School of Government explores the way evolving markets alter the pursuit of cherished public goals.

John D. Donahue and Joseph S. Nye, Jr. frame the inquiry with an essay on governing well in an age of ascendant markets. Other contributors (all from Harvard's Kennedy School unless otherwise indicated) address specific areas of market governance in individual chapters: Joseph P. Newhouse on the medical marketplace, Jose Gomez-Ibañez and John R. Meyer on transportation, William Hogan on electric power, Paul E. Peterson on K12 education, L. Jean Camp on information networks, Akash Deep and Guido Schaefer (Vienna University of Economics & Business Administration) on federal deposit insurance, Frederick Schauer on "the marketplace of ideas," Anna Greenberg on the "marketization" of politics, David M. Hart on the politics of high-tech industry, Viktor Mayer-Schönberger on information law, John D. Donahue and Richard J. Zeckhauser on the challenges posed by fast-changing markets, and Mark Moore on the spread of market ideology.

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Product Details

  • ISBN-13: 9780815798460
  • Publisher: Brookings Institution Press and Visions of Governance for the 21st Century
  • Publication date: 6/23/2004
  • Sold by: Barnes & Noble
  • Format: eBook
  • Pages: 320
  • File size: 2 MB

Meet the Author

John D. Donahue is Raymond Vernon Lecturer in Public Policy at Harvard University's Kennedy School of Government. Joseph S. Nye Jr. is University Distinguished Service Professor at the Harvard Kennedy School and a former assistant secretary of defense for international security affairs and chair of the National Intelligence Council.

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Table of Contents

1 Market Ascendancy and the Challenge of Governance 1
Part 1 Bigger, Better Markets--Cases in Point
2 Lessons from the Medical Marketplace 35
3 Government and Markets in Transport: The U.S. Experience with Deregulation 56
4 Making Markets in Electric Power 93
Part 2 Experiments and Puzzles
5 Choice and Competition in K--12 Education 113
6 The Shape of the Network 138
7 Deposit Insurance: An Outmoded Lifeboat in Today's Sea of Liquidity 167
8 The Market for Truth 200
9 The Marketization of American Politics? 212
Part 3 Governing Well When Markets Rule
10 New Economy, Old Politics: High-Technology Industry and the Influence Game 235
11 Information Law amid Bigger, Better Markets 266
12 Government's Role When Markets Rule 282
13 The Market versus the Forum 306
Contributors 341
Index 343
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