Regulation And The Natural Progress Of Opulence
Adam Smith taught us how government regulation can counteract the market forces that produce economic growth. Here I explore a more complex interplay between regulation and economic growth. Regulation creates behavioural incentives that weaken or offset entirely the goal of the regulation. Growth produces many of the benefits ascribed to regulation while also hiding the costs and failures of regulation. Copyright (c) 2010 American Enterprise Institute. Journal compilation (c) Institute of Economic Affairs 2010. Published by Blackwell Publishing, Oxford.
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Volume (Year): 30 (2010)
Issue (Month): 2 (06)
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