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Allocating lawmaking powers:Self-regulation vs government regulation
Self-regulation Government regulation Property rights theory Legal origins Progressive Era New Deal
2015/9/22
Self-regulation is common, but comparative analysis of self-regulation and government regulation is rare. This paper identifies conditions determining whether regulation is delegated or centralized, a...
Regulation and the Wealth of Nations: The Connection between Government Regulation and Economic Progress
Wealth Nations Government Regulation
2009/7/23
Adam Smith’s main message is that when unregulated, undistorted rewards
are higher in one activity than another, economic progress is usually promoted
if resources flow toward the high-return use. A...