Marketcraft by Steven K. Vogel, Paperback | Indigo Chapters

Modern-day markets do not arise spontaneously or evolve naturally. Rather they are crafted by individuals, firms, and most of all, by governments. Like statecraft, "marketcraft" represents a core function of government, and it requires considerable artistry to govern markets effectively. InMarketcraft, Steven K. Vogel builds his argument upon the recognition that all markets are crafted and then systematically explores the implications for analysis and policy. Vogel marshals a wide range of policy examples to support this concept, focusing in particular on the U. S. and Japan. Heexamines 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 in the 1990s counterintuitively expanded the government's role in practice. In our era - and despite what anti-government ideologuescontend - government officials, regardless of party affiliation, should be trained in marketcraft just as much as in statecraft. | Marketcraft by Steven K. Vogel, Paperback | Indigo Chapters