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Private Governance
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Private Governance: Creating Order in Economic and Social Life

Edward Peter Stringham

Abstract

From the world’s first stock markets in the seventeenth century, to private policing in the early days of San Francisco, to the millions of credit card transactions and the complex financial markets governed by private rules today, this book makes the case that private rules and regulations are more common, effective, and promising than most of us believe. Analytical narratives weave together history and economics to show readers how private governance works. The main hypotheses are as follows. Potential problems such as fraud are pervasive, but so are private solutions. Private parties have i ... More

Keywords: private rules, self-regulation, economics of clubs, private ordering, legal centralism

Bibliographic Information

Print publication date: 2015 Print ISBN-13: 9780199365166
Published to Oxford Scholarship Online: August 2015 DOI:10.1093/acprof:oso/9780199365166.001.0001

Authors

Affiliations are at time of print publication.

Edward Peter Stringham, author
Trinity College in Hartford, Connecticut