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Marketcraft: How Governments Make Markets Work Audiobook
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Modern-day markets do not arise spontaneously or evolve naturally. Rather they are crafted by individuals, firms, and most of all, by governments. Thus "marketcraft" represents a core function of government comparable to statecraft and requires considerable artistry to govern markets effectively. Just as real-world statecraft can be masterful or muddled, so it is with marketcraft.
In Marketcraft, Steven Vogel builds his argument upon the recognition that all markets are crafted then systematically explores the implications for analysis and policy. In modern societies, there is no such thing as a free market. Markets are institutions, and contemporary markets are all heavily regulated. The "free market revolution" that began in the 1980s did not see a deregulation of markets, but rather a re-regulation. Vogel looks at a wide range of policy issues to support this concept, focusing in particular on the U.S. and Japan. He examines 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 counterintuitively expanded the government's role in practice.
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“In an age of market fundamentalism, Steven Vogel provides a timely and powerful reminder that real markets require rules.”
— Jacob S. Hacker, Director, Institution for Social and Policy Studies, Yale University
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About Steven K. Vogel
Steven K. Vogel is the Il Han New Professor of Asian Studies and a professor of political science at the University of California–Berkeley. He is the author of Japan Remodeled and Freer Markets, More Rules. He has worked as a reporter for the Japan Times and as a freelance journalist in France. He has taught previously at the University of California–Irvine and Harvard University. He has a BA from Princeton University and a PhD in political science from the University of California–Berkeley.
About Ryan Burke
Ryan Burke is Canadian, his parents and extended family are Australian, and he lives in America, pursuing a career in entertainment. His eclectic background is reflected by his career. Having worked in both Canada and the US as an actor, producer, and stuntman, he now works as a voice-over artist and audiobook narrator. He has earned both a BFA from the American Musical and Dramatic Academy and an MBA from Argosy University.