The study of the politics of regulation has followed two distinct paths in recent years. "New institutionalism" research has focused primarily on the policy-making process, particularly the interplay between regulators (who implement policy) and their political principals (who attempt to control...

Has the United States suffered a regulatory breakdown? The answer to this question might appear to be an obvious “yes.” Over the past several years, the nation has suffered not only a sustained economic downturn triggered by a cataclysmic financial crisis but also one of the worst...

This paper offers a retrospective assessment of economist George Stigler's classic article, The Theory of Economic Regulation. Stigler argued that regulation is a product that, just like any other product, is produced in a market, and that it can be acquired from the governmental...