The Economic Studies Shelf

Courts, Regulators, and the Scrutiny of Economic Evidence
Despoina Mantzari
Oxford University Press
198 Madison Avenue, New York, NY 10016-4314
www.oup.com/us
9780198851608, $90.00, HC, 272pp

https://www.amazon.com/Courts-Regulators-Scrutiny-Economic-Evidence/dp/0198= 85160X

Synopsis: With the publication of "Courts, Regulators, and the Scrutiny of = Economic Evidence", Professor Despoina Mantzari presents the first systemat=
ic examination of economic regulation and the crucial role of economic evid= ence in regulatory authorities and courts.

"Courts, Regulators, and the Scrutiny of Economic Evidence" presents the fi= rst systematic examination of economic regulation and the crucial role of e= conomic evidence in regulatory authorities and courts.

"Courts, Regulators, and the Scrutiny of Economic Evidence" brings together=
strands of scholarship from law, economics, and political science to explo=
re two key themes: the influence of economic evidence on the discretionary = assessments of economic regulators, and the limits of judicial review of ec= onomic evidence, supplemented with comparative examination of both UK and U=
S systems. In light of the challenges posed by economic evidence, Professor=
Mantzari argues the appropriate scope of judicial review in the era of reg= ulatory economics, and what the optimal institutional response to the perva= siveness of economic evidence in regulation should be.

Building on comparative institutional analysis, "Courts, Regulators, and th=
e Scrutiny of Economic Evidence" rejects single-factor explanations, such a=
s the individual knowledge of judges, in favour of a richer set of macro an=
d micro-level factors that shape the relationships between courts and regul= ators. Professor Mantzari argues that the 'recipe' for adjudicating economi=
c evidence requires a balance in which a degree of epistemic diversity is i= ntroduced in courts, and deference is accorded to regulatory agencies on gr= ounds of institutional competency.

"Courts, Regulators, and the Scrutiny of Economic Evidence" combines theore= tical, doctrinal, comparative, and empirical analysis and it is written to =
be accessible to lawyers, economists, judges, regulators, policymakers, and=
political scientists. brings together strands of scholarship from law, eco= nomics, and political science to explore two key themes: the influence of e= conomic evidence on the discretionary assessments of economic regulators, a=
nd the limits of judicial review of economic evidence, supplemented with co= mparative examination of both UK and US systems. In light of the challenges=
posed by economic evidence, Professor Mantzari argues the appropriate scop=
e of judicial review in the era of regulatory economics, and what the optim=
al institutional response to the pervasiveness of economic evidence in regu= lation should be.

Critique: Informatively enhanced for the reader with the inclusion of Figur= es, Tables, Cases, Legislation, a ten page Bibliography, and a ten page Ind= ex, "Courts, Regulators, and the Scrutiny of Economic Evidence" is an espec= ially well written, organized and presented study that is unreservedly reco= mmended for professional, governmental, college, and university library Eco= nomics collections and supplemental curriculum studies syllabus. It should =
be noted for personal reading lists that "Courts, Regulators, and the Scrut= iny of Economic Evidence" is also available to students, academia, economis= ts, and non-specialist general readers with an interest in the subject in a=
digital book format (Kindle, $67.49).

Editorial Note: Despoina Mantzari (https://cerre.eu/biographies/despoina-ma= ntzari) is Associate Professor in Competition Law and Policy at University = College London (UCL), Faculty of Laws. Prior to that she was a lecturer at = the University of Reading and a postdoctoral research fellow at the Centre = for Competition Policy at the University of East Anglia. She was also a vis= iting researcher at the UC Berkeley Boalt Hall School of Law and a Fellow a=
t the Institute of Advanced Legal Studies in London. She holds a PhD and an=
LL.M from UCL and studied law at the National University of Athens. Her re= search cuts across competition law and public law and regulation and has be=
en funded by the AHRC, the ESRC, and the BA/Leverhulme Trust.

Making Money Work for Us: How MMT Can Save America
L. Randall Wray
Polity
www.politybooks.com
c/o John Wiley and Sons (dist.)
www.wiley.com
9781509554256, $59.99, HC, 224pp

https://www.amazon.com/Making-Money-Work-Us-America/dp/1509554254

Synopsis: Is money precious and scarce, necessitating iron fiscal disciplin=
e? Must the government always balance the books or risk ruin? Or is money, =
in fact, a flexible tool that can be used to mobilize our collective resour= ces to serve those who need them?

With the publication of "Making Money Work for Us: How MMT Can Save America=
", leading Modern Money Theory (MMT) advocate and economist Randy Wray expl= ains that the only real constraints on public policy are physical resources=
, technological capacity and political will: but never money.

He shows how modern sovereign governments spend by key-stroking money to ba=
nk accounts. While taxes serve other important purposes, they do not (contr= ary to popular belief) fund spending. If we recognize this, and totally ref= rame how we think about money and debt, we can marshal our national wealth =
to make us all richer, eliminate unemployment and "look after our own". We = can make money work for us and our country.

"Making Money Work for Us" shows how MMT can become a new American politica=
l and economic orthodoxy, replacing the dominant conservative framework for= ever. It is essential reading for all progressives.

Critique: Informatively enhanced for the reader with the inclusion of fifte=
en pages of Notes and a seven page Index, "Making Money Work for Us: How MM=
T Can Save America" is a timely, informative, thoughtful and thought-provok= ing contribution to our on-going national discussions on economic financing=
and government policy reforms. While highly recommended as an essential an=
d core addition to community, college, and university library Contemporary = Economics collections and supplemental curriculum Income Inequality studies=
lists, it should be noted for students, academia, economists, governmental=
policy makers, political activists, and non-specialist general readers wit=
h an interest in the subject that "Making Money Work for Us: How MMT Can Sa=
ve America" is also available in a paperback edition (9781509554263, $19.95=
) and in a digital book format (Kindle, $16.00).

Editorial Note: L. Randall Wray (https://en.wikipedia.org/wiki/L._Randall_W= ray) is an expert on MMT, as well as Professor of Economics at Bard College=
and a Senior Scholar at the Levy Economics Institute.

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