Economic Regulation and the Public Interest: The Federal Trade Commission in Theory and Practice.

1978 ◽  
Vol 93 (1) ◽  
pp. 155
Author(s):  
William R. Childs ◽  
Alan Stone
Keyword(s):  
Public Interest ◽  
Federal Trade Commission ◽  
Theory And Practice ◽  
Economic Regulation ◽  
The Public

Regulatory Rationales Beyond the Economic: In Search of the Public Interest

2010 ◽  
pp. 38-63 ◽  
Author(s):  
Mike Feintuck
Keyword(s):  
Decision Making ◽  
Public Interest ◽  
Frame Of Reference ◽  
Theory And Practice ◽  
Liberal Democracies ◽  
Political Values ◽  
The Public ◽  
The Media ◽  
Market Driven ◽  
Market Economics

This article contends that regulation in certain fields should incorporate and give emphasis to values beyond those of market economics. It is argued here that the frame of reference of the market is too narrow to encompass properly a range of social and political values which are established in liberal democracies and can be seen as constitutional in nature. Examples from fields such as environmental regulation and regulation of the media are used here to illustrate a range of non-economic values which have been, are, or should be reflected in regulatory theory and practice as a means of recognising and reflecting principles related to social justice. Such principles extend beyond, and may be antithetical to the practices, values, and outcomes of market-driven decision-making.

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