{"product_id":"dealing-with-losers-the-political-economy-of-policy-transitions-9780190456948","title":"Dealing with Losers: The Political Economy of Policy Transitions","description":"Whenever governments change policies--tax, expenditure, or regulatory policies, among others--there will typically be losers: people or groups who relied upon and invested in physical, financial, or human capital predicated on, or even deliberately induced by the pre-reform set of policies.\u003cbr\u003eThe issue of whether and when to mitigate the costs associated with policy changes, either through explicit government compensation, grandfathering, phased or postponed implementation, is ubiquitous across the policy landscape. Much of the existing literature covers government takings, yet\u003cbr\u003ecompensation for expropriation comprises merely a tiny part of the universe of such strategies. \u003cp\u003e\u003c\/p\u003e\u003cstrong\u003e\u003c\/strong\u003e\u003cstrong\u003e\u003cem\u003eDealing with Losers: The Political Economy of Policy Transitions\u003c\/em\u003e\u003c\/strong\u003e\u003cstrong\u003e\u003c\/strong\u003e explores both normative and political rationales for transition cost mitigation strategies and explains which strategies might create an aggregate, overall enhancement in societal welfare beyond mere compensation. Professor Michael J.\u003cbr\u003eTrebilcock highlights the political rationales for mitigating such costs and the ability of potential losers to mobilize and obstruct socially beneficial changes in the absence of well-crafted transition cost mitigation strategies. This book explores the political economy of transition cost\u003cbr\u003emitigation strategies in a wide variety of policy contexts including public pensions, U.S. home mortgage interest deductions, immigration, trade liberalization, agricultural supply management, and climate change, providing tested examples and realistic strategies for genuine policy reform.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Michael J. Trebilcock\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Oxford University Press, USA\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 09\/01\/2015\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 240\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.20lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.30h x 6.10w x 0.90d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780190456948\u003cbr\u003e\u003cp\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cstrong\u003eMichael J. Trebilcock\u003c\/strong\u003e is Professor of Law and Economics at the University of Toronto School of Law. He specializes in law and economics, international trade law, competition law, economic and social regulation, and contract law and theory. He has won awards for his work, including the 1989 Owen Prize by the Foundation for Legal Research for his book, \u003cem\u003eThe Common Law of Restraint of Trade\u003c\/em\u003e, which was chosen as the best law book in English published in Canada in the past two years. He has authored: The \u003cem\u003eLimits of Freedom of Contract\u003c\/em\u003e and co-authored \u003cem\u003eThe Regulation of International Trade\u003c\/em\u003e; \u003cem\u003eExploring the Domain of Accident Law: Taking the Facts Seriously\u003c\/em\u003e; \u003cem\u003eEconomic Shocks: Defining a Role for Government; The Law and Economics of Canadian Competition Policy\u003c\/em\u003e; and \u003cem\u003eRule of Law Reform and Development: Charting the Fragile Path of Progress \u003c\/em\u003e(co-authored with Ron Daniels). He was a Fellow in Law and Economics at the University of Chicago Law School, a Visiting Professor of Law at Yale Law School, and a Global Law Professor at New York University Law School. In 1987, he was elected a Fellow of the Royal Society of Canada, and in 1999, he was elected President of the American Law and Economics Association. In 2008, he undertook a review of the Legal Aid Program in Ontario for the Attorney-General. In 2007, he received the Ontario Attorney General's Mundell Medal for contributions to Law and Letters, and in 2010, he received the Ontario Premier's Discovery Award for the Social Sciences. He holds an LLB from the University of Canterbury in New Zealand, and an LLM from the University of Adelaide.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003ci\u003eThis title is not returnable\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e","brand":"Oxford University Press, USA","offers":[{"title":"Paperback","offer_id":39929200705651,"sku":"9.78E+12","price":39.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0555\/9255\/0515\/products\/img_8b691c87-07b3-430a-80d9-5292f9eb567d.jpg?v=1647611116","url":"https:\/\/bookstorenmore.com\/products\/dealing-with-losers-the-political-economy-of-policy-transitions-9780190456948","provider":"Bookstore N More","version":"1.0","type":"link"}