Böcker av Paul G. Mahoney

The Economics of Securities Regulation: A Survey gives an overview of the U.S. regulatory system, explores the justifications for regulating securities markets, and describes the qualitative and quantitative literature that assesses the regulatory system's effectiveness.

Offers persuasive research to show that the almost universally accepted narrative of market failure - broadly similar across financial crises - is formulated by political actors hoping to deflect blame from prior policy errors. It shows that lax regulation was not a substantial cause of the financial problems of the Great Depression.