Marketcraft: How Governments Make Markets Work (Authored by Steven K. Vogel)

Please visit https://thebookvoice.com/podcasts/1/audiobook/346969 to listen full audiobooks. Title: Marketcraft: How Governments Make Markets Work Author: Steven K. Vogel Narrator: Ryan Burke Format: Unabridged Audiobook Length: 7 hours 11 minutes Release date: August 14, 2018 Ratings: Ratings of Book: 4 of Total 1 Ratings of Narrator: 4 of Total 1 Genres: Current Affairs, Law, & Politics Publisher's Summary: Modern-day markets do not arise spontaneously or evolve naturally. Rather they are crafted by individuals, firms, and most of all, by governments. Thus 'marketcraft' represents a core function of government comparable to statecraft and requires considerable artistry to govern markets effectively. Just as real-world statecraft can be masterful or muddled, so it is with marketcraft. In Marketcraft, Steven Vogel builds his argument upon the recognition that all markets are crafted then systematically explores the implications for analysis and policy. In modern societies, there is no such thing as a free market. Markets are institutions, and contemporary markets are all heavily regulated. The 'free market revolution' that began in the 1980s did not see a deregulation of markets, but rather a re-regulation. Vogel looks at a wide range of policy issues to support this concept, focusing in particular on the U.S. and Japan. He examines how the U.S., the 'freest' market economy, is actually among the most heavily regulated advanced economies, while Japan's effort to liberalize its economy counterintuitively expanded the government's role in practice.