All Posts Tagged With: "regulated markets"
Bad Regulation Drives Out Good
In 1969 economist Harold Demsetz identified a flaw in much public policy analysis, the “Nirvana Fallacy”: “The view that now pervades much public policy economics implicitly presents the relevant choice as between an ideal norm and an existing ‘imperfect’ institutional arrangement. This nirvana approach differs considerably from a comparative institution approach in which the relevant choice [...]
17Jun2009 | Sheldon Richman | 0 comments | ContinuedIs the Corporation a Free-Market Institution?
Is the modern large publicly traded business corporation compatible with a truly free market? The question itself may seem strange, even silly. Corporations are primary actors in what the media refer to as “the market economy.” Also, when the media refer to “the market,” they as often as not mean the stock exchange, which is [...]
1Mar2003 | Frank van Dun | 1 comment | Continued-
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Creating Jobs versus Creating Value
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