| Description |
x, 283 pages : illustrations ; 25 cm |
| Bibliography |
Includes bibliographical references (pages 239-267) and index. |
| Contents |
Why private governance? -- Privately governed markets in history and modern times -- Lessons of private governance. |
| Summary |
In Private Governance, prominent economist Edward Stringham presents case-studies of the various forms of private enforcement, self-governance, or self-regulation among private groups or individuals that fill a void that government enforcement cannot. Through analytical narratives the book provides a close examination of the world's first stock markets, key elements of which were unenforceable by law; the community of Celebration, Florida, and other private communities that show how public goods can be bundled with land and provided more effectively; and the millions of credit-card transactions that occur daily and are regulated by private governance. Private Governance ultimately argues that while potential problems of private governance, such as fraud, are pervasive, so are the solutions it presents, and that much of what is orderly in the economy can be attributed to private groups and individuals. With meticulous research, Stringham demonstrates that private governance is a far more common source of order than most people realize, and that private parties have incentives to devise different mechanisms for eliminating unwanted behavior.-- Provided by publisher. |
| Subject |
Cooperation -- Political aspects.
|
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Mutualism -- Political aspects.
|
|
Political sociology.
|
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Economics -- Political aspects.
|
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Cooperation -- Political aspects.
(OCoLC)fst00878134
|
|
Economics -- Political aspects.
(OCoLC)fst00902170
|
|
Political sociology. (OCoLC)fst01069877
|
| ISBN |
9780199365166 (alk. paper) |
|
0199365164 (alk. paper) |
|
