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.
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This collection explores debates on global capitalism and its regulation. It integrates three areas: Karl Polanyi's economic sociology, regulation studies and socio-legal studies of transnational risks.
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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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This unique study integrates three distinct areas of scholarship: Karl Polanyi's economic sociology, regulation studies and socio-legal studies of transnational hazards.
Original research and theory on the relations between law, legal institutions and social processes.
The volumes in this series are eclectic in their disciplines, methodologies and theoretical perspectives, but they all share a strong comparative emphasis. The volumes originate in workshops hosted by the Onati International Institute for the Sociology of Law.
Founding Series Editors:
William L F Felstiner
Eve Darian-Smith
Editorial Board:
Carlos Lugo, Hostos Law School, Puerto Rico
Jacek Kurczewski, Warsaw University, Poland
Marie-Claire Foblets, Max Planck Institute for Social Anthropology, Germany
Ulrike Schultz, Fern Universität, Germany
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Produktdetaljer
ISBN
9781849463447
Publisert
2015-08-27
Utgiver
Vendor
Hart Publishing
Vekt
562 gr
Høyde
234 mm
Bredde
156 mm
Dybde
10 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet