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Quality-and-Safety Assurance: How Voluntary Social Processes Remedy Their Own Shortcomings
By Daniel B. Klein
This article appeared in the Spring 1998 issue of The Independent Review


Abstract

Consumer-protection laws and regulations are often rationalized on the grounds that without them the public would make uninformed or foolish choices. But the risks arising from imperfect knowledge prompt consumers and entrepreneurs to discover new ways to assure quality and safety, thus undercutting the case for government regulation.



Other Independent Review articles by Daniel B. Klein
    Fall 2012   Most Economists Welcome Ideological Openness
    Fall 2012   The Improprieties of the Pretense of Knowledge
    Fall 2011   Against Overlordship
[View All (15)]


Volume 2 Number 4
Spring 1998

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