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Regulatory rationales beyond the economic - In search of the public interest

Feintuck, Mike

Authors

Mike Feintuck



Abstract

This article contends that regulation in certain fields should incorporate and give emphasis to values beyond those of market economics. It is argued here that the frame of reference of the market is too narrow to encompass properly a range of social and political values which are established in liberal democracies and can be seen as constitutional in nature. Examples from fields such as environmental regulation and regulation of the media are used here to illustrate a range of non-economic values which have been, are, or should be reflected in regulatory theory and practice as a means of recognising and reflecting principles related to social justice. Such principles extend beyond, and may be antithetical to the practices, values, and outcomes of market-driven decision-making.

Journal The Oxford handbook of regulation
Peer Reviewed Not Peer Reviewed
ISBN 978-0-19956-021-9
APA6 Citation Feintuck, M. Regulatory rationales beyond the economic - In search of the public interest. The University of Hull
Keywords REF 2014 submission

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