Bonn, Germany

European Studies - Governance and Regulation

Master's
Language: EnglishStudies in English
Subject area: social
Qualification: Master
Kind of studies: full-time studies
University website: www.uni-bonn.de
European
European, or Europeans, may refer to:
European Studies
European studies is a field of study offered by many academic colleges and universities that focuses on current developments in European integration.
Governance
Governance is all of the processes of governing, whether undertaken by a government, a market or a network, over a social system (family, tribe, formal or informal organization, a territory or across territories) and whether through the laws, norms, power or language of an organized society. It relates to "the processes of interaction and decision-making among the actors involved in a collective problem that lead to the creation, reinforcement, or reproduction of social norms and institutions." In lay terms, it could be described as the political processes that exist in between formal institutions.
Regulation
Regulation is an abstract concept of management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context. For example:
Regulation
The economic complexities involved when regulatory agencies set prices are compounded by political complexities. Regulatory agencies are often set up after some political crusaders have successfully launched investigations or publicity campaigns that convince the authorities to establish a permanent commission to oversee and control a monopoly or some group of firms few enough in number to be a threat to behave in collusion as if they were one monopoly. However, after a commission has been set up and its powers established, crusaders and the media tend to lose interest over the years and turn their attention to other things. Meanwhile, the firms being regulated continue to take a keen interest in the activities of the commission and to lobby the government for favorable regulations and favorable appointments of individuals to these commissions.
The net result of these asymmetrical outside interests on these agencies is that commissions set up to keep a given firm or industry within bounds, for the benefit of the consumers, often metamorphose into agencies seeking to protect the existing regulated firms from threats arising from new firms with new technology or new organizational methods.
Thomas Sowell, Basic Economics (2010), Ch. 7. Big Business and Government
Regulation
I would take to be quite a fool any man who would make a book full of laws and statutes for an apple tree telling it how to bear apples and not thorns, when the tree is able by its own nature to do this better than the man with all his books can describe and demand.
Martin Luther, Temporal Authority: To What Extent It Should Be Obeyed (1523), in Luther's Works, vol. 45 (1962), p. 89
Regulation
Will one of you gentlemen tell me in what civilized country of the earth there are important government boards of control on which private interests are represented? Which of you gentlemen thinks the railroads should select members of the Interstate Commerce Commission?
Attributed to Woodrow Wilson, at a meeting of bankers and the president shortly before he asked Congress to enact legislation creating a Federal Reserve System; reported in Carter Glass, An Adventure in Constructive Finance (1927, reprinted 1975), chapter 7, p. 116. This appears to be the origin of what is frequently quoted as: "You don't put robbers to work in a bank".
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