Article

The Rise of the Regulatory State

Michael Moran

in The Oxford Handbook of Business and Government

Published in print February 2010 | ISBN: 9780199214273
Published online May 2010 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199214273.003.0017

Series: Oxford Handbooks in Business and Management

 The Rise of the Regulatory State

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The relationship between the American regulatory state and the business enterprise is strikingly distinctive, viewed comparatively. The simplest, but perhaps the most important, indicator of distinction is that this is a relationship with deep historical roots. The pre-industrial American economy was one where the state was closely involved directly in the conduct of economic life, for instance in the chartering of corporations. But the relationship with business took a special turn in the closing decades of the nineteenth century. That special turn was a reaction to a great economic revolution which spanned the generation following the end of the Civil War.

Keywords: regulatory state; business enterprise; pre-industrial economy; American economy; economic life; corporations

Article.  10236 words. 

Subjects: Business and Management ; Public Management and Administration ; Business Ethics

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