Abstract:This brief review discussion raises additional regulatory ideas to those offered by 2017 Nobel Prize winning economist Richard Thaler, and philosophically and pragmatically argues that his winning of the award was more political than economic, especially in terms of the legislation offered that followed. The article then uses work from other economists, such as Coase, and Friedman, and Arrow, to theorize that in total there are at least four different categories of regulation currently identified. And, humans … Show more
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