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The Failure of Judges and the Rise of Regulators (Walras-Pareto Lectures)

Andrei Shleifer




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 | #3816582 in Books |  2016-03-25 | Original language:English |  9.00 x.81 x6.00l,1.14 | File type: PDF | 352 pages

||About the Author||Andrei Shleifer is Professor of Economics at Harvard University and recipient of the 1999 John Bates Clark Medal. He is the author of Without a Map: Political Tactics and Economic Reform in Russia (MIT Press, 2000) and other books.

Government regulation is ubiquitous today in rich and middle-income countries--present in areas that range from workplace conditions to food processing to school curricula--although standard economic theories predict that it should be rather uncommon. In this book, Andrei Shleifer argues that the ubiquity of regulation can be explained not so much by the failure of markets as by the failure of courts to solve contract and tort disputes cheaply, predictably, and impart...

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