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The Pros And Cons Of Government Regulation

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  • Joseph L. Porket

Abstract

Regulation of human behaviour and human social interaction is a universal feature of both traditional and modern societies. In the latter, on account of their complex structure, regulation inevitably takes place at different levels, albeit within a framework set by government. Consequently, these societies are characterised by a web of formal as well as informal regulation and self‐regulation, in other words by a plurality of regulatory systems. And this plurality of regulatory systems is an important source of tensions and conflicts in society.

Suggested Citation

  • Joseph L. Porket, 2003. "The Pros And Cons Of Government Regulation," Economic Affairs, Wiley Blackwell, vol. 23(4), pages 48-54, December.
    • Handle: RePEc:bla:ecaffa:v:23:y:2003:i:4:p:48-54
    DOI: 10.1111/j.1468-0270.2003.00444.x
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