THE PROS AND CONS OF GOVERNMENT REGULATION

Author: Porket J.L.

Source: Economic Affairs, Volume 23, Number 4, December 2003 , pp. 48-54(7)

Publisher: Blackwell Publishing

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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.

Document Type: Research article

DOI: 10.1111/j.1468-0270.2003.00444.x

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