Regulatory economics is the economics of regulation, in the sense of the application of law by government that is used for various purposes, such as centrally-planning an economy, remedying market failure, enriching well-connected firms, or benefiting politicians (see capture). It is not considered to include voluntary regulation that may be accomplished in the private sphere.
Read more about Regulatory Economics: Regulation As A Process, Theories of Regulation, Regulation As Red Tape, Deregulation
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“Religion and art spring from the same root and are close kin. Economics and art are strangers.”
—Willa Cather (1876–1947)