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Regulation And The Natural Progress Of Opulence

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  • Sam Peltzman

Abstract

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.

Suggested Citation

  • Sam Peltzman, 2010. "Regulation And The Natural Progress Of Opulence," Economic Affairs, Wiley Blackwell, vol. 30(2), pages 33-39, June.
    • Handle: RePEc:bla:ecaffa:v:30:y:2010:i:2:p:33-39
    DOI: 10.1111/j.1468-0270.2010.02006.x
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    References listed on IDEAS

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    Cited by:

    1. Gehring, Kai, 2013. "Who Benefits from Economic Freedom? Unraveling the Effect of Economic Freedom on Subjective Well-Being," World Development, Elsevier, vol. 50(C), pages 74-90.
    2. Gehring, Kai, 2014. "Who Benefits from Economic Freedom? Unraveling the Effect of Economic Freedom on Subjective Well-Being," Working Papers 531, University of Heidelberg, Department of Economics.
    3. Yaoqin Li & Xixiong Xu & Weiyu Gan, 2018. "Political extraction and corporate cash holdings in China," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 32(2), pages 76-94, November.
    4. Gehring, Kai, 2012. "Benefit or burden? Unraveling the effect of economic freedom on subjective well-being," Working Papers 0531, University of Heidelberg, Department of Economics.

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