During the 1960s and 1970s, United States competition policies were managed to protect producers instead of consumers, causing negative effects in the economy. Todd Zywicki talks about these events and shares his views on domestic markets regulation. He gives a brief explanation of the organization of the Federal Trade Commission (FTC), its history, functional lines, and current role. He also analyzes competition among producers as well as the inefficiency of antitrust enforcement; he explains the economic theory of regulation and the notion that it is produced to maximize social welfare. Zywicki comments on the small number of effective interest groups due to the lack of incentives to learn the new legislation, and finally, he emphasizes the competition advocacy and the promotion of pro-competitive laws.
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Todd Zywicki is Professor of Law at the George Mason University…
26 de agosto de 2010
Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.
Universidad Francisco Marroquín