Government's Place in the Market

Government's Place in the Market

3.0 1
by Eliot Spitzer
     
 

As New York State Attorney General from 1998 to 2006, Eliot Spitzer successfully pursued corporate crime, including stock price inflation, securities fraud, and predatory lending practices. Drawing on those experiences, in this book
Spitzer considers when and how the government should intervene in the workings of the market. The 2009 American bank bailout, he

Overview

As New York State Attorney General from 1998 to 2006, Eliot Spitzer successfully pursued corporate crime, including stock price inflation, securities fraud, and predatory lending practices. Drawing on those experiences, in this book
Spitzer considers when and how the government should intervene in the workings of the market. The 2009 American bank bailout, he argues, was the wrong way: it understandably turned government intervention into a flashpoint for public disgust because it socialized risk, privatized benefit, and left standing institutions too big to fail, incompetent regulators, and deficient corporate governance. That's unfortunate, because good regulatory policy, he claims, can make markets and firms work efficiently, equitably, and in service of fundamental public values. Spitzer lays out the right reasons for government intervention in the market: to guarantee transparency, to overcome market failures, and to guard our core values against the market's unfair biases such as racism. With specific proposals to serve those ends--from improving corporate governance to making firms responsible for their own risky behavior--he offers a much-needed blueprint for the proper role of government in the market. Finally, taking account of regulatory changes since the crash of
2008, he suggests how to rebuild public trust in government so real change is possible.Responses to Spitzer by Sarah Binder, Andrew Gelman, and John Sides, Dean
Baker, and Robert Johnson, raise issues of politics, ideology, and policy.

Editorial Reviews

From the Publisher

"This tract returns Spitzer to the original impression he made on the political scene as a scourge of Wall Street."
Booklist

Product Details

ISBN-13:
9780262015707
Publisher:
MIT Press
Publication date:
04/18/2011
Series:
Boston Review Books
Pages:
96
Product dimensions:
4.80(w) x 7.10(h) x 0.50(d)
Age Range:
18 Years

What People are saying about this

From the Publisher
"This tract returns Spitzer to the original impression he made on the political scene as a scourge of Wall Street." Booklist

The MIT Press

Meet the Author

Eliot Spitzer served as the 54th Governor of New York fromJanuary 2007
until his resignation on March 17, 2008. In October 2010 he willlaunch a talk show on CNN with conservative analyst Kathleen Parker.

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Government's Place in the Market 3 out of 5 based on 0 ratings. 1 reviews.
Anonymous More than 1 year ago
Very broad subject with only a very narrow and sketchy discussion. Would be a good subject for a much longer debate. Never heard the constitution mentioned once. I did, however, hear assertions of progressivism and libertarianism views and aspersions associated with the likes of Sarah Palin and Glenn Beck. Let's have an honest discussion based on our founding fathers principles and guiding documents.