Why Government Regulation has Developed

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The extent of regulatory activity prompts us to ask what other factors account for its development. One way to explain it is a scenario of deliberate decisions by bureaucrats and their political allies to expand their sphere of influence over private-sector activities. This explanation, often heard from conservatives to criticize regulations which they oppose, is not a generally applicable explanation.

Motives of compassion have led to rules and regulations aimed at protecting people from each other-governing relations between buyers and sellers, employers and employees, or lenders and borrowers. The broader use of regulations also stems from efforts to increase public representativeness in government decision-making processes as one way to maintain popular control and equitable treatme...