Regulation and Public Interests, the Possibility of Good Regulatory Government

Princeton University Press, 2008

Posted: 4 Dec 2007

See all articles by Steven P. Croley

Steven P. Croley

University of Michigan Law School

Abstract

This book argues that public choice accounts of regulation rest on an incomplete understanding of regulatory government. In particular, such accounts show too little attention to the actual processes through which administrative agencies regulate. Missing from the picture is administrative law, broadly understood to include both the legal decision-making processes through which regulatory entities regulate, and the broader legal environment in which they do so. But once regulatory institutions are considered in the light of their legal-procedural and environmental complexity, conclusions about the inability of regulatory government to advance the general welfare give way to more optimistic, though qualified, assessments. Administrative agencies can, and have, employed their semi-autonomous decision-making techniques to promote general interests. Good regulatory government is no more impossible than it is inevitable.

Keywords: regulation, public choice, agencies, regulatory government, administrative law, public interest

JEL Classification: D73

Suggested Citation

Croley, Steven P., Regulation and Public Interests, the Possibility of Good Regulatory Government. Princeton University Press, 2008, Available at SSRN: https://ssrn.com/abstract=1050301

Steven P. Croley (Contact Author)

University of Michigan Law School ( email )

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