Abstract
This chapter explores how, since the late nineteenth century, the US government has increasingly intervened in the economy, starting with legislation designed to prevent monopolistic practices, going on to regulatory interventions to increase the information available to the public for their investment decisions and to protect it from predatory behaviors. It also discusses the accountability challenges posed by the divorce between ownership and management arising from the dispersion of share ownership, and examines the role of the Security and Exchange Commission (SEC) and the rationale for the Sarbanes-Oxley Act.
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Halperin, R.A. (2017). The Visible Hand. In: The Influence of Uncertainty in a Changing Financial Environment. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-48778-6_10
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DOI: https://doi.org/10.1007/978-3-319-48778-6_10
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Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-319-48777-9
Online ISBN: 978-3-319-48778-6
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