Regulatory transformations : rethinking economy-society interactions

Author(s)

    • Lange, Bettina
    • Haines, Fiona
    • Thomas, Dania

Bibliographic Information

Regulatory transformations : rethinking economy-society interactions

edited by Bettina Lange, Fiona Haines and Dania Thomas

(Oñati international series in law and society)

Hart Pub., 2017, c2015

  • : pb

Available at  / 2 libraries

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Note

"First published in hardback, 2015. Paperback edition, 2017"--T.p. verso

Includes index

Description and Table of Contents

Description

The issue of whether transnational risk can be regulated through a social sphere goes to the heart of what John Ruggie has described as 'embedded liberalism': how capitalist countries have reconciled markets with the social community that markets require to survive and thrive. This collection, located in the wider debates about global capitalism and its regulation, tackles the challenge of finding a way forward for regulation. It rejects the old divisions of state and market, citizens and consumers, social movements and transnational corporations, as well as 'economic' and 'social' regulation. Instead this rich, multidisciplinary collection engages with a critical theme-the idea of harnessing the regulatory capacity of a social sphere by recognising the embeddedness of economic transactions within a social and political landscape. This collection therefore explores how social norms, practices, actors and institutions frame economic transactions, and thereby regulate risks generated by and for business, state and citizens. A key strength of this book is its integration of three distinct areas of scholarship: Karl Polanyi's economic sociology, regulation studies and socio-legal studies of transnational hazards. The collection is distinct in that it links the study of specific transnational risk regulatory regimes back to a social-theoretical discussion about economy-society interactions, informed by Polanyi's work. Each of the chapters addresses the way in which economics, as well as economic and social regulation, can never be understood separately from the social, particularly in the transnational context. Endorsement 'This thought-provoking collection asks the most critical question of our time - how to civilise markets through social accountability and political action. The climate and financial crises we face show how crucial this challenge is. Lange, Haines and Thomas have put together a series of fruitful case studies of the possibilities for embedding economic relationships in social relationships by a series of top-class researchers within their own illuminating and sensitive framing of the issue'. Professor Christine Parker, Professor of Regulatory Studies at Monash University.

Table of Contents

1. Regulatory Transformations: An Introduction Bettina Lange and Fiona Haines Part I: Theoretical Resources for Thinking about how to Harness the Regulatory Capacity of a Social Sphere 2. The Regulation of Markets: Polanyian Perspectives Alexander Ebner 3. Economics and Transnational Risk Regulation Christopher Decker Part II: Harnessing the Capacity of a Social Sphere for Regulating Corporate Actors 4. Export Credit Agencies and Human Rights Abuses: Flux and Friction in Regulation Fiona Haines and Samantha Balaton-Chrimes 5. Transnational Business and the Politics of Social Risk: Re-Embedding Transnational Supply Chains Through Private Governance Kate Macdonald and Shelley Marshall Part III: Regulating Trade in Fictitious and Risky Commodities 6. Making Sense of the WTO Sanitary and Phytosanitary Agreement: An Essay about Scholarly Expertise Elizabeth Fisher 7. Regulating Economic Activity Through Performative Discourses: A Case Study of the EU Carbon Market Bettina Lange 8. (Dis)embeddedness and the Management of Transnational Risk: The Case of Blood Regulation Anne-Maree Farrell 9. Double Movements in the Regulation of New Technologies: The Case of Nanotechnology Elen Stokes 10. Risk-Free Debt: The Distorting Promissory Narratives in Sovereign Debt Law and Policy Dania Thomas

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