Who governs?: legislatures, bureaucracies, or markets?
Auteur :
Wood, John H.
Éditeur :
Springer Nature Switzerland AG
ISBN :
9783030330859
Date de publication :
29 janv. 2021
Dimensions :
21,0 x 14,8 cm
Langue :
Anglais
Pays d'origine :
Suisse
When we start to perceive that there is a problem in the market (such as monopoly, fraud or speculation), the legislature passes a law to correct it, a bureaucracy is created to interpret and enforce the new law, firms and other market participants comply, and the problem is solved.