By W. Dubbink

ISBN-10: 9048163536

ISBN-13: 9789048163533

ISBN-10: 9401707979

ISBN-13: 9789401707978

Modern liberal democracies are stricken through public difficulties during which the unfastened industry is not any blameless bystander. it really is consequently typically stated that the industry needs to be managed. Assisting the Invisible Hand is an research into modern considering on controlling the industry, particularly in regards to the matter of facing environmental matters. The implicit modes of considering in economics, political philosophy and administrative concept are exposed and criticized. The publication contributes to modern perception via arguing that the difficulty of marketplace keep an eye on has to be addressed when it comes to the family among nation, industry and civil society. in addition, seeing that controlling the marketplace is so heavily regarding the beliefs of liberal democracy, this publication stresses the normative dimensions of the industry keep an eye on factor. the placement followed by means of the ebook is that the marketplace can't be managed via the kingdom by myself. This accountability might be shared among kingdom, marketplace and civil society.

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Extra info for Assisting the Invisible Hand: Contested Relations Between Market, State and Civil Society

Sample text

The market must become the mechanism through which public goals such as sustainability are realized. L. Schultze (1977) so neatly states in the title of his book, it is all about making ‘public use of private interest’. Another way of putting it would be to say that this approach to harnessing market forces involves internalizing tasks that were initially external to the market process (Dragon and O’Connor, 1993:127), thus enabling them to be fulfilled by the market. Imposing duties on fuel and levies on the use of groundwater are two examples of such an approach.

From this point on, I will characterize this view of market-based regulation as the drive towards a neoliberal market (Nozick, 1974; Hayek, 1976; see also De Beus, 1989: 359-430; Cohen, Rogers and Wright, 1995: 14-21). The neoliberals have a less instrumental view of the market than advocates of the second view of market-based regulation. From a neoliberal perspective, the market is not simply a handy mechanism which can and should be judged in terms of the targets it reaches. For neoliberals, the order of the market is an inherently good order (Hayek, 1976; see also Kymlicka, 1995: 95).

They bring together ‘public and private as denotations of specific domains of action’ and ‘public and private as qualifications for specific kinds of issues’. This has several implications: * Within the indirect responsibility model the private domain is conceptualized as the domain in which actors do not have responsibility for public issues. As long 20 * * * * * CHAPTER 1 as one does not superimpose the two components of the private and the public, this conceptualization is not necessarily logical or inevitable.

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Assisting the Invisible Hand: Contested Relations Between Market, State and Civil Society by W. Dubbink


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