Markets sometimes fail. But so do regulatory efforts to correct market failures. Sometimes regulations reach too far, condemning good activities as well as bad, and sometimes they don't reach far enough, allowing bad behavior to persist. In this highly instructive book, Thomas A. Lambert explains the pitfalls of both extremes while offering readers a manual of effective regulation, showing how the best regulation maximizes social welfare and minimizes social costs. Working like a physician...

The Calvinist Reformation is characterized above all by a focus on church discipline enforced by church courts known as consistories. The Geneva consistory served as the model and mother institution throughout the Calvinist world. In this book, Robert M. Kingdon surveys the theoretical underpinnings of the Calvinist emphasis on discipline and how theory was put into practice by John Calvin in Reformation Geneva. Professor Kingdon looks in turn at how the Geneva consistory and the pastors a...