What is regulation?

As a followup from yesterday’s post on regulation, here is a link to an excellent article by David Boaz of the Cato Institute entitled “What is Regulation?”. He touches on a few topics I would like to blog about further and that I have been reading about lately, including spontaneous order. The purpose of his short article is to clarify the nature of the work of Elinor Ostrom and Oliver Williamson, the two recent recipients of the Nobel Prize in Economics. As a layman, I am not that familiar with their work but a recent article by David Henderson in the Wall Street Journal sums it up nicely.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s