The pros and cons of government regulation

Joseph L. Porket

No 3, IEA Discussion Papers from Institute of Economic Affairs (IEA)

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.

Keywords: Society; Government; Regulation (search for similar items in EconPapers)
Date: 2003
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