Introduction

John H. Wood ()
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John H. Wood: Wake Forest University

Chapter Chapter 1 in Who Governs?, 2020, pp 1-14 from Palgrave Macmillan

Abstract: Abstract Market problems such as monopoly, fraud, speculation, and/or manipulation are perceived, the legislature passes a law to correct them, a bureaucracy is assigned to interpret and enforce the law, buyers and sellers comply, and the problems are solved. Or are they? Are the promises of politicians and the stories of textbooks believable? This book examines the public and government reactions, and the effectiveness of those reactions, to two famous sets of crises: the securities collapses of the Great Depression and the bank panics of the late nineteenth and early twentieth centuries, culminating in 1907.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psichp:978-3-030-33083-5_1

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DOI: 10.1007/978-3-030-33083-5_1

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