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Discrimination and the market. (social regulation of economic systems) (Editorial)
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The Economist (US)
- Article date:
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February 27, 1993
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Copyright informationCOPYRIGHT 1993 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Socially motivated economics such as forcing banks to make unprofitable loans will ultimately prove damaging to the economy. Pres Clinton's plans to regulate consumer credit, property and health insurance, and loans for inner city development are discussed.
Social regulation is a tax. It should be justified accordingly
IN THE 1980s deregulation was all the rage. In the 1990s the urge to re-regulate is asserting itself. Happily, the arguments have changed: many of the lessons of earlier, unsuccessful efforts at economic control are well remembered. Today's re-regulators are careful to emphasise the need for efficiency. But they nonetheless insist, among other things, that efficiency ...
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