Marketcraft: How Governments Make Markets Work Audiobook (Free)

Modern-day markets usually do not arise spontaneously or evolve normally. Rather these are crafted by individuals, firms, & most of all, by governments. Hence ‘marketcraft’ represents a primary function of federal government comparable to statecraft and requires significant artistry to govern markets effectively. Just as real-world statecraft could be masterful or muddled, so that it is with marketcraft.

In Marketcraft, Steven Vogel builds his argument upon the recognition that all marketplaces are crafted then about Marketcraft: How Government authorities Make Markets Function systematically explores the implications for analysis and policy. In contemporary societies, there is no such point as a free of charge market. Markets are organizations, and contemporary markets are all intensely regulated. The ‘free of charge market trend’ that started in the 1980s didn’t see a deregulation of marketplaces, but instead a re-regulation. Vogel looks at a wide range of plan issues to aid this concept, focusing in particular in the U.S. and Japan. He examines how the U.S., the ‘freest’ marketplace economy, is in fact among the most heavily regulated advanced economies, while Japan’s effort to liberalize it is economy counterintuitively expanded the government’s part in practice.