The 'Market' in the Theory of Regulation

Campbell, Ian David (2018) The 'Market' in the Theory of Regulation. Social and Legal Studies, 27 (5). pp. 545-571. ISSN 0964-6639

[thumbnail of Market_in_the_Theory_of_Regulation]
PDF (Market_in_the_Theory_of_Regulation)
Market_in_the_Theory_of_Regulation.pdf - Accepted Version
Available under License Creative Commons Attribution-NonCommercial.

Download (353kB)


This article reviews developments in the left-wing theory of regulation in response to the neo-liberal revolution of the 1970s. The core of this response has been an acknowledgement of the indispensability of market ordering, but this acknowledgement has been only grudging and no positive theory of the market has emerged from regulatory proposals which concentrate on market failure. A sort of inchoate communism therefore pervades the left-wing theory of regulation, and left-wing regulatory theory and practice still lacks a coherent concept of the social market.

Item Type:
Journal Article
Journal or Publication Title:
Social and Legal Studies
Additional Information:
The final, definitive version of this article has been published in the Journal, Social and Legal Studies, 27 (5), 2018, © SAGE Publications Ltd, 2018 by SAGE Publications Ltd at the Social and Legal Studies page: on SAGE Journals Online:
Uncontrolled Keywords:
?? interventionmarket economicsmarket failureregulatory theorysocialismsociology and political sciencesocial sciences(all)law ??
ID Code:
Deposited By:
Deposited On:
16 Aug 2017 12:22
Last Modified:
01 Feb 2024 00:33