Author: lawrence baxter


Regulatory capture is a bigger problem in America than elsewhere, partly because of our cultural predispositions. Respect for regulation as a vital element of free market activity, and respect for regulators–both earned and accorded–is necessary to modernize our regulatory system and meet adequately the complex challenges of the modern economy.

a few words on "regulation"

Regulation and markets are necessary corollaries. But effective regulation is a complex, technical and very difficult task to accomplish. How effective regulation is achieved will be influenced by ideological preconceptions and the nature of the markets sought to be regulated. Achieving the right balance is overall policy goal of regulation and its reform.