Steven K. Vogel

Steven K. Vogel is Chair of the Political Economy Program, Il Han New Professor of Asian Studies, and Professor of Political Science at the University of California Berkeley, and the author of Marketcraft: How Governments Make Markets Work.

The Texas Power Failure: How One Market Model Discovered Its Natural Limits

Relying on marginal market prices to provide the incentives for the production and delivery of electricity means that all of the biophysical things enrolled...

Government Regulation is the Pro-Market Solution

The Covid-19 pandemic has utterly discredited the false dichotomy of government vs. markets. Extensive government regulation is a prerequisite for the proper functioning of...

Rethinking Stigler’s Theory of Regulation: Regulatory Capture or Deregulatory Capture?

Much government regulation does not fit the logic of Stigler’s theory of anti-competitive regulatory capture. In a new book, Steven Vogel of Berkeley argues...

Latest news