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THE PROS AND CONS OF GOVERNMENT REGULATION
Author(s) -
Porket Joseph L.
Publication year - 2003
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2003.00444.x
Subject(s) - government regulation , government (linguistics) , set (abstract data type) , law and economics , political science , business , sociology , computer science , law , philosophy , linguistics , china , programming language
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.