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Social rule system theory is an attempt to formally approach different kinds of social rule systems in a unified manner. Social rules systems include institutions such as norms, laws, regulations, taboos, customs, and a variety of related concepts and are important in the social sciences and humanities.
Some researchers pointed out that the markets had become more vibrant at the same time as the regulation of the markets increased. That led to the creation of the term 'regulatory capitalism', which connected the terms 'regulatory state' and 'regulatory society' to the simultaneous rapid development of the capitalist system. [5]
The term regulatory state refers to the expansion in the use of rulemaking, monitoring and enforcement techniques and institutions by the state and to a parallel change in the way its positive or negative functions in society are being carried out. [1] The expansion of the state nowadays is generally via regulation and less via taxing and ...
Regulation in the social, political, psychological, and economic domains can take many forms: legal restrictions promulgated by a government authority, contractual obligations (for example, contracts between insurers and their insureds [1]), self-regulation in psychology, social regulation (e.g. norms), co-regulation, third-party regulation, certification, accreditation or market regulation.
This considers the process by which governments are selected, monitored and replaced; the capacity of the government to effectively formulate and implement sound policies and the respect of citizens and the state of the institutions that govern economic and social interactions among them. An alternate definition sees governance as:
Binding authority over citizens and actions in its jurisdiction; The right to legitimately use the physical force in its jurisdiction; An important attribute of Weber's definition of a modern state was that it is a bureaucracy. The vast majority of the modern states from the 20th century onward fall under the rational-legal authority category.
Regulatory competition, also called competitive governance or policy competition, is a phenomenon in law, economics and politics concerning the desire of lawmakers to compete with one another in the kinds of law offered in order to attract businesses or other actors to operate in their jurisdiction. Regulatory competition depends upon the ...
Publish an initial regulatory flexibility analysis (IRFA) and/or a final regulatory flexibility analysis (FRFA) in the Federal Register, or provide a certification that the regulation will have no "significant impact" The RFA has added important elements of management oversight, predictability and transparency to the federal regulatory process.