Introduction: Reconceptualizing Regulation in the Era of Globalization

Published in Special Issue of the Journal of Law and Society, New Directions in Regulatory Theory, (2002) 29(1): 1-11

11 Pages Posted: 22 Feb 2023

See all articles by Sol Picciotto

Sol Picciotto

Lancaster University Law School; Institute of Advanced Legal Studies, University of London

Date Written: 2022

Abstract

The concept of "regulation" has become sufficiently ubiquitous in recent years, that it may be helpful to begin this collection of papers with some analysis of the term and its usage. At its most general level it refers to the means by which any activity, person, organism or institution is guided to behave in a regular fashion, or according to rule. In principle, reference may be made to the regulation of any kind of social behaviour, which gives the term a very wide scope indeed. However, it is more particularly used, as in this collection, in relation to economic activity. In the context of socio-legal studies, the concept has two main advantages. Firstly, it leaves a useful ambiguity over the extent to which such regular behaviour is generated internally or entails external intervention. Secondly, it embraces all kinds of rules, not only formal state law.

Suggested Citation

Picciotto, Sol, Introduction: Reconceptualizing Regulation in the Era of Globalization ( 2022). Published in Special Issue of the Journal of Law and Society, New Directions in Regulatory Theory, (2002) 29(1): 1-11, Available at SSRN: https://ssrn.com/abstract=4354527 or http://dx.doi.org/10.2139/ssrn.4354527

Sol Picciotto (Contact Author)

Lancaster University Law School ( email )

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Institute of Advanced Legal Studies, University of London ( email )

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