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American Business and the New Social Regulation

American Business and the New Social Regulation Business Economics Vol. 44, No. 1 r National Association for Business Economics Forum on Emerging Issues position to enacting federal en- associations such as the U.S. American Business vironmental, health, and safety Chamber of Commerce and the and the New Social mandates. The general position National Association of Manu- Regulation of the U.S. business community facturers have continued to is that industry regulation is of- ‘‘stay the course’’ with their lar- ten unnecessary and a costly gely antiregulatory agendas, ‘‘regulatory tax’’ on their opera- other industry-specific associa- Thomas A. Hemphill is an assistant professor in the tions—much of which is passed tions, such as the Toy Industry School of Management, directly through to the American Association, the Specialty Ve- University of Michigan-Flint. consumer. However, their rent- hicle Institute of America, and seeking, nonmarket activity the Grocery Manufacturers As- has recently evolved into a more sociation, are supporting stricter Business Economics (2009) 44, cooperative approach with federal regulatory controls over 51–56. doi:10.1057/be.2008.3 other public policy stakeholders, their products [Williamson 2008]. including consumer interest A confluence of legal, poli- groups and governments, to en- tical, and economic factors are eginning in 2007, many BU.S. industry associations act new social regulatory in- http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Business Economics Springer Journals

American Business and the New Social Regulation

Hemphill, Thomas A
Business Economics , Volume 44 (1): 6 – Jan 1, 2009
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References (27)

Publisher
Springer Journals
Copyright
2009 Palgrave Macmillan
ISSN
0007-666X
eISSN
1554-432X
DOI
10.1057/be.2008.3
Publisher site
See Article on Publisher Site

Abstract

Business Economics Vol. 44, No. 1 r National Association for Business Economics Forum on Emerging Issues position to enacting federal en- associations such as the U.S. American Business vironmental, health, and safety Chamber of Commerce and the and the New Social mandates. The general position National Association of Manu- Regulation of the U.S. business community facturers have continued to is that industry regulation is of- ‘‘stay the course’’ with their lar- ten unnecessary and a costly gely antiregulatory agendas, ‘‘regulatory tax’’ on their opera- other industry-specific associa- Thomas A. Hemphill is an assistant professor in the tions—much of which is passed tions, such as the Toy Industry School of Management, directly through to the American Association, the Specialty Ve- University of Michigan-Flint. consumer. However, their rent- hicle Institute of America, and seeking, nonmarket activity the Grocery Manufacturers As- has recently evolved into a more sociation, are supporting stricter Business Economics (2009) 44, cooperative approach with federal regulatory controls over 51–56. doi:10.1057/be.2008.3 other public policy stakeholders, their products [Williamson 2008]. including consumer interest A confluence of legal, poli- groups and governments, to en- tical, and economic factors are eginning in 2007, many BU.S. industry associations act new social regulatory in-

Journal

Business Economics – Springer Journals

Published: Jan 1, 2009

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