Professor Thom Lambert recently spoke at four Show-Me Institute Forums titled “Market Failure vs. Government Failure.” He shared insights from his book, How to Regulate: A Guide for Policymakers, and how regulatory efforts to correct market failures often make the problem worse. The best regulation maximizes the public good and minimizes public costs. Like a physician, policymakers should diagnose the underlying disease and…
Tag: Market Failure ⋅ Page 1
Professor Lambert Addresses Federalist Society at Vanderbilt Law School
Professor Thom Lambert recently addressed the Federalist Society at Vanderbilt Law School. The subject of the talk was his new book, How to Regulate: A Guide for Policymakers. He presented a general overview of the book, which prescribes principles for optimal regulation, and then applied the book’s recommended approach to a specific market failure, information asymmetry. Professor Kevin Stack of Vanderbilt Law School…