tag:blogger.com,1999:blog-1331441403058020963.post637444465966516472..comments2024-03-18T07:36:28.100-04:00Comments on International Political Economy at the University of North Carolina: What We Have Here Is a Failure to RegulateThomas Oatleyhttp://www.blogger.com/profile/14092437150746625670noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1331441403058020963.post-53509665730031537742012-07-17T03:13:08.512-04:002012-07-17T03:13:08.512-04:00LFC -
It is important. I chose that example inten...LFC -<br /><br />It is important. I chose that example intentionally, although the lesson from it is not necessarily generalizable to regulations more broadly. Eg zoning regulations are often not intended to correct externalities except under the broadest definition of the term, under which nearly everything generates externalities. What about the sort of regulations that Matt Yglesias is constantly harping about, eg hairdresser licenses? No externalities there, nor for most licensing requirements. <br /><br />Perhaps the distinction will be made plainer if and when I get to the future posts I hinted at.<br /><br />Anon -<br /><br />It's intended to be, yes.Kindred Winecoffhttps://www.blogger.com/profile/14330671232391851377noreply@blogger.comtag:blogger.com,1999:blog-1331441403058020963.post-40814875450543876232012-07-14T19:21:32.103-04:002012-07-14T19:21:32.103-04:00Is this related to the debate about "workplac...Is this related to the debate about "workplace coercion" going on between Crooked Timber, BH Libertarian, and Julian Sanchez?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1331441403058020963.post-79839099872318797332012-07-14T12:24:08.858-04:002012-07-14T12:24:08.858-04:00I've read this post quickly -- deserves a more...I've read this post quickly -- deserves a more careful reading -- but your first footnote is very important, I think, and probably should not be buried in a footnote.<br /><br />The little story about how regulation of pollution creates barriers to entry and therefore removing the regulation leads to more competition: this in fact, as your first footnote points out, does <i>not</i> deal with the pollution problem. Instead of one company polluting, you have two (or more) companies polluting. It seems bizarre to call this result positive, unless one's theoretical perspective includes the principle that pollution does not matter (or that externalities in general don't matter).LFChttps://www.blogger.com/profile/13551197682770555147noreply@blogger.com