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Publication Date

4-1-1998

Series Information

Policy Brief 190

Publisher

Center for the Study of American Business (CSAB), Washington University in St. Louis, St. Louis, MO 63130

Description

No government in the world has an agency with the mission of depressing the economy or accelerating the rate of inflation. Yet, many government actions - especially taxation, government spending, and regulation - have those undesirable effects. The paper focuses on government regulation of business, where the costs are especially insidious, and what can be done to reform this regulation. Government decision-makers often forget the fundamental fact that individuals and private organizations have tremendous capability to deal with the shortcomings of a modern economy on their own. Relying more heavily on private initiative moves us closer to a free society while simultaneously providing powerful incentives for improved economic performance.

Keywords

Government Regulation, Costs and Benefits, Policy, Regulation Reform

Disciplines

Economics | Public Policy

Comments

The Center for the Study of American Business (CSAB), 1975-2001, is the predecessor of the Weidenbaum Center on the Economy, Government, and Public Policy at Washington University in St. Louis. Permanent URL: http://dx.doi/org/10.7936/K78050SX

DOI

doi:10.7936/K78050SX

Recasting the Role of Government to Promote Economic Prosperity

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