Article

Regulation

Michael Moran

in The Oxford Handbook of British Politics

Published in print July 2009 | ISBN: 9780199230952
Published online January 2010 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199230952.003.0018

Series: Oxford Handbooks in Politics & International Relations

 Regulation

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This article concentrates on the crisis in the historical system: the extent to which it has been replaced by arrangements based more on the command of law; and the limits that are being experienced by this command system. It also demonstrates at the end that the turn to command is in key respects both unexpected and dysfunctional; it arises from the unavailing struggle of social actors to cope with crisis. A key implication of the article is that agency has mattered less in these developments than accident, unanticipated consequences, and fate. It then presents changes in the British system of self-regulation by focusing on three key cases: financial regulation; the regulation of the school system; and the regulation of medicine. The command revolution has been attempted in circumstances where there are powerful functional pressures, and powerful economic interests, pressing for a different regulatory style.

Keywords: British system; self-regulation; financial regulation; school system; medicine; command of law

Article.  8018 words. 

Subjects: Politics ; UK Politics ; Public Policy

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