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    Rights statement: The final, definitive version of this article has been published in the Journal, Social and Legal Studies, 27 (5), 2018, © SAGE Publications Ltd, 2018 by SAGE Publications Ltd at the Social and Legal Studies page: http://journals.sagepub.com/home/SLS on SAGE Journals Online: http://journals.sagepub.com/

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    Available under license: CC BY-NC: Creative Commons Attribution-NonCommercial 4.0 International License

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The 'Market' in the Theory of Regulation

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Published
<mark>Journal publication date</mark>1/10/2018
<mark>Journal</mark>Social and Legal Studies
Issue number5
Volume27
Number of pages27
Pages (from-to)545-571
Publication StatusPublished
Early online date26/09/17
<mark>Original language</mark>English

Abstract

This article reviews developments in the left-wing theory of regulation in response to the neo-liberal revolution of the 1970s. The core of this response has been an acknowledgement of the indispensability of market ordering, but this acknowledgement has been only grudging and no positive theory of the market has emerged from regulatory proposals which concentrate on market failure. A sort of inchoate communism therefore pervades the left-wing theory of regulation, and left-wing regulatory theory and practice still lacks a coherent concept of the social market.

Bibliographic note

The final, definitive version of this article has been published in the Journal, Social and Legal Studies, 27 (5), 2018, © SAGE Publications Ltd, 2018 by SAGE Publications Ltd at the Social and Legal Studies page: http://journals.sagepub.com/home/SLS on SAGE Journals Online: http://journals.sagepub.com/