MARCH 26, 2013
Government employ regulations to exert control over businesses in an industry. Some regulations include price controls, quality guidelines, education requirements for employees, etc. Supporters claim that regulations protect consumers, but regulations often act as barriers of entry and are often the result of companies in a given industry attempting to limit competition by the creation and enforcement of standards that raise costs, but do not necessarily raise quality.
Steve Horwitz - Regulation and Intervention
Mark Hendrickson - The Truth about Monopolies and Anti-Trust Laws
Related Freeman Articles
FEBRUARY 11, 2013 by BRUCE YANDLE
Rahm's Rule gives a whole new meaning to the term "crisis management." It also helps us understand how opportunistic politicians can both establish and respond to crisis-based circumstances--ensuring that pork gets delivered to favored constituents while everyone else is distracted by the looming crisis. The rule forms a footnote to theories that help us understand the regulatory state
There's no such thing as an unfettered market.
AUGUST 03, 2012 by SHELDON RICHMAN
Order grows from market forces. But where do impersonal market forces come from? These are the result of human action.