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Marketcraft: How Governments Make Markets Work

Steven K. Vogel


Modern-day markets do not arise spontaneously but are crafted by individuals, by firms, and most of all, by governments. Thus marketcraft represents a core function of government comparable to statecraft. This book begins with the recognition that there are no free markets and that all markets are crafted, and then systematically examines the implications for analysis and policy. Scholars and policymakers are often trapped by a false dichotomy of government versus market that impairs their ability to recognize the multidimensionality of market governance. They tend to view market reform as “de ... More

Keywords: regulation, economy, market governance, market reform, deregulation, liberal, governance, progressive

Bibliographic Information

Print publication date: 2018 Print ISBN-13: 9780190699857
Published to Oxford Scholarship Online: February 2018 DOI:10.1093/oso/9780190699857.001.0001


Affiliations are at time of print publication.

Steven K. Vogel, author
Professor of Political Science, UC-Berkeley

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