Regulation

With the aid of economic theory, the author critically examines the ways in which public law has been adapted to fundamental changes in the relationship between the state and industry since 1980. He provides a systematic overview of the theory and forms of social and economic regulation. In particular, he explores: BL Why governments regulate, for which, broadly speaking, two theoretical frameworks exist--`public interest' theories (regulation aims to improve social and economic...
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With the aid of economic theory, the author critically examines the ways in which public law has been adapted to fundamental changes in the relationship between the state and industry since 1980. He provides a systematic overview of the theory and forms of social and economic regulation. In particular, he explores: BL Why governments regulate, for which, broadly speaking, two theoretical frameworks exist--`public interest' theories (regulation aims to improve social and economic welfare) and `economic' theories (regulation aims to satisfy the demands of private interest). BL The evolution of different forms of regulation in Britain, extending to the current policies of privatization and deregulation. BL The advantages and disadvantages of the different forms of regulation. BL How choices between the different forms of regulation are made by governments and the influence exerted by interest groups and EC law.