Rethinking the Regulation of Cryptoassets


Book Description

This thought-provoking book challenges the way we think about regulating cryptoassets. Bringing a timely new perspective, Syren Johnstone critiques the application of a financial regulation narrative to cryptoassets, questioning the assumptions on which it is based and whether regulations developed in the 20th century remain fit to apply to a technology emerging in the 21st.




The Making of Regulatory Independence


Book Description

This study offers an ethnographic account of life at a regulatory agency to offer a new perspective on an important question: how does a regulatory agency become and remain independent? Relying on an analytical framework based on scholarship in legal anthropology, this study provides elements of an answer based on an insider0́9s view of regulation, illuminating the complex, messy, and political nature of what may seem from the outside as calm and neutral application of technical expertise. The formal account suggests that legislative action defines the position and mandate of such an agency making it independent0́4immune from political influence in its decision-making. However, experience has shown that the making and maintenance of independence is a challenge, especially as these agencies typically enter arenas much after other powerful economic and political interests have established their own positions. The result is that in spite of efforts of international financial institutions, governments, and regulatory staffers worldwide to create independent regulatory agencies, many of these agencies are severely constrained in their ability to function effectively. Using unprecedented access to individuals working at the Telecom Regulatory Authority of India (TRAI), this study will show that regulatory staffers are constantly struggling to make and maintain their position, define their role, and keep their agency going. These individuals engage in strategic choice-making, applying ideas and creating rituals in their various attempts to define a role for the agency. Even if they could call upon a formal mandate as defined in the law, the agency0́9s position is largely determined through the actions of the individuals working at the agency and, interestingly, through the actions of other entities in the arena. The role and position of the regulatory agency thus has various sources and is defined through multiple activities, including the act of regulation itself. If regulation is political, this study proposes rethinking regulation in terms of its semi-independence. A regulatory agency0́9s procedures and decisions are all part of the attempt of that agency to define a role for itself and are, consequently, political in nature. This political behavior is shaped by the preferences, values, and relative positions of other entities in the arena. By engaging in such political behavior, the agency becomes semi-independent; it might not be an apolitical rule-applier, but it may also be able to define a more meaningful role for itself. Rethinking regulatory independence as an ongoing effort thus situates an agency within political and social contexts, allowing us a new perspective on this widespread activity.







Rethinking Private Authority


Book Description

Rethinking Private Authority examines the role of non-state actors in global environmental politics, arguing that a fuller understanding of their role requires a new way of conceptualizing private authority. Jessica Green identifies two distinct forms of private authority--one in which states delegate authority to private actors, and another in which entrepreneurial actors generate their own rules, persuading others to adopt them. Drawing on a wealth of empirical evidence spanning a century of environmental rule making, Green shows how the delegation of authority to private actors has played a small but consistent role in multilateral environmental agreements over the past fifty years, largely in the area of treaty implementation. This contrasts with entrepreneurial authority, where most private environmental rules have been created in the past two decades. Green traces how this dynamic and fast-growing form of private authority is becoming increasingly common in areas ranging from organic food to green building practices to sustainable tourism. She persuasively argues that the configuration of state preferences and the existing institutional landscape are paramount to explaining why private authority emerges and assumes the form that it does. In-depth cases on climate change provide evidence for her arguments. Groundbreaking in scope, Rethinking Private Authority demonstrates that authority in world politics is diffused across multiple levels and diverse actors, and it offers a more complete picture of how private actors are helping to shape our response to today's most pressing environmental problems.




Rethinking Agency


Book Description

This book proposes a new theoretical framework for agency thinking by examining the ethical, discursive and practical engagements of a group of women development workers in north-west India with developmentalism and individual rights. Rethinking Agency asks an underexplored question, tracks the entry, encounter, experience and practice of developmentalism and individual rights, and examines their normative and political trajectory. Through an ethnography of a moral encounter with developmentalism, it raises a critical question: how do we think of agency in oppressive contexts? Further, how do issues of risk, injury, coercion and oppression alter the conceptual mechanics of agency itself? The work will be invaluable to research organisations, development practitioners, policy makers and political journalists interested in questions of gender, political empowerment, rights and political participation, and to academics and students in the fields of feminist theory, development studies, sociology, politics and gender studies.




Rethinking Consumer Protection


Book Description

This book explains how revamped consumer protection regulations, allowing greater individual choice, along with the government partially shifting to more of an advisory role, can save many thousands of lives annually, and make medicines and other products radically cheaper. Major case studies include the FDA, TSA passenger screening, and Uber versus taxis.




Rethinking Law, Regulation, and Technology


Book Description

This insightful book presents a radical rethinking of the relationship between law, regulation, and technology. While in traditional legal thinking technology is neither of particular interest nor concern, this book treats modern technologies as doubly significant, both as major targets for regulation and as potential tools to be used for legal and regulatory purposes. It explores whether our institutions for engaging with new technologies are fit for purpose.




The Role of Science in Regulatory Reform


Book Description







Rethinking Workplace Regulation


Book Description

During the middle third of the 20th century, workers in most industrialized countries secured a substantial measure of job security, whether through legislation, contract or social practice. This “standard employment contract,” as it was known, became the foundation of an impressive array of rights and entitlements, including social insurance and pensions, protection against unsociable working conditions, and the right to bargain collectively. Recent changes in technology and the global economy, however, have dramatically eroded this traditional form of employment. Employers now value flexibility over stability, and increasingly hire employees for short-term or temporary work. Many countries have also repealed labor laws, relaxed employee protections, and reduced state-provided benefits. As the old system of worker protection declines, how can labor regulation be improved to protect workers? In Rethinking Workplace Regulation, nineteen leading scholars from ten countries and half a dozen disciplines present a sweeping tour of the latest policy experiments across the world that attempt to balance worker security and the new flexible employment paradigm. Edited by noted socio-legal scholars Katherine V.W. Stone and Harry Arthurs, Rethinking Workplace Regulation presents case studies on new forms of dispute resolution, job training programs, social insurance and collective representation that could serve as policy models in the contemporary industrialized world. The volume leads with an intriguing set of essays on legal attempts to update the employment contract. For example, Bruno Caruso reports on efforts in the European Union to “constitutionalize” employment and other contracts to better preserve protective principles for workers and to extend their legal impact. The volume then turns to the field of labor relations, where promising regulatory strategies have emerged. Sociologist Jelle Visser offers a fresh assessment of the Dutch version of the ‘flexicurity’ model, which attempts to balance the rise in nonstandard employment with improved social protection by indexing the minimum wage and strengthening rights of access to health insurance, pensions, and training. Sociologist Ida Regalia provides an engaging account of experimental local and regional “pacts” in Italy and France that allow several employers to share temporary workers, thereby providing workers job security within the group rather than with an individual firm. The volume also illustrates the power of governments to influence labor market institutions. Legal scholars John Howe and Michael Rawling discuss Australia's innovative legislation on supply chains that holds companies at the top of the supply chain responsible for employment law violations of their subcontractors. Contributors also analyze ways in which more general social policy is being renegotiated in light of the changing nature of work. Kendra Strauss, a geographer, offers a wide-ranging comparative analysis of pension systems and calls for a new model that offers “flexible pensions for flexible workers.” With its ambitious scope and broad inquiry, Rethinking Workplace Regulation illustrates the diverse innovations countries have developed to confront the policy challenges created by the changing nature of work. The experiments evaluated in this volume will provide inspiration and instruction for policymakers and advocates seeking to improve worker’s lives in this latest era of global capitalism.