Last Updated Projects
Do We Have Too Much Government Regulation?
Most references to government regulation are vaguely spoken and vaguely understood. The subject is important, as you will see--so important that some scholars of hugely influential reach weigh regulations, so to speak, how heavy they are--how many pounds they weigh-- in evaluating the health of the economy. Some time ago on this program, Jack Kemp, at that time secretary of housing under George Bush, told us that in order to build a house in California, one needed 14 different approvals from regulatory agencies. Imagine how many it must take to build an atom bomb. We have acknowledged that some regulations bump into other regulations and give us paradoxical situations. For instance, to the extent that we want to burn less motor fuel we have to have lighter cars. To the extent that we have lighter cars, more people get killed in accidents. So it's these paradoxes that we are seeking to explore here with our distinguished panel.
A Difficulty in the Concept of Social Welfare
The methods of voting and of the market are methods of amalgamating the tastes of many individuals in the making of social choices. The methods of dictatorship and convention are, or can be, rational in the sense that any individual can be rational in his choice. Can such consistency be attributed to collective modes of choice, where the wills of many people are involved? An illustration of the problem is the following well-known "paradox of voting'" Suppose there is a community consisting of three voters and d this community must choose among three alternative modes of social action (e.g., disarmament, cold war, or hot war).
A Conceptual Framework for State Efforts to Legalize and Regulate Cannabis
When drafting, evaluating and implementing cannabis reform policies, policymakers face a myriad of detailed choices, from specific agency authority to issues like tracking and testing. While these details are often overlooked by many advocates and media, they can actually mean the difference between policy implementation success or failure. Most states have stumbled and seen early hiccups in their regulated marijuana markets. Nevada, for instance, suffered a dearth of licensed distributors who could legally transport marijuana products from commercial cultivation facilities to dispensaries within the first few months of its program, resulting in sharp price increases and lack of availability. Both Colorado and Washington experienced delays, inefficiencies, cost overruns and revenues falling short of projections, resulting in a rollback of some of their more onerous initial mandates.