Enste and Wicher suggest that political regulation is always wealth-reducing. However, their analysis neglects various … relevant determinants of the wealth indicator. Economic wealth cannot be estimated from the quantity of regulation, as quality … and other aspects matter. Hence, political acumen is required. Enste and Wicher reply to criticism of the regulation index …

first empirical results of this re-regulation and places them in the context of the policy discussion. The results so far … indicate a reversal of the 2004 deregulation effects on German crafts after the re-regulation. Future in-depth studies will …