Article

The Governance Of Markets: On Generating Trust in Transactions

Frans van Waarden

in The Oxford Handbook of Governance

Published in print March 2012 | ISBN: 9780199560530
Published online September 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199560530.013.0025

Series: Oxford Handbooks in Politics & International Relations

 The Governance Of Markets: On Generating Trust in Transactions

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This article charts and compares the three sources or modes of regulating market behaviour that together constitute the governance of markets. It identifies distrust as a central problem of markets and compares governance solutions from different types of sources, including markets and commercial businesses, informal communities and networks, and formal private organizations. The article argues that the hybrid combination of these sources is not new, but the piling up of different governance modes on top of each other, with the one controlling others, is.

Keywords: market behaviour; governance; commercial businesses; informal communities; private organizations

Article.  7621 words. 

Subjects: Politics ; Public Policy ; Comparative Politics

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