The regulatory state, some writers claim, arose in response to failures of the legal system. In the case of blood markets, however, regulation came about not from public outcry caused by faulty laws and courts, but from lobbying by interest groups who expected special benefits from regulation.
The Rise of the Regulatory State
Institutional Entrepreneurship and the Decline of Markets for Blood
By Diana W. Thomas, Michael D. Thomas
This article
appeared in
the Spring 2018 issue of The Independent Review.
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| Other Independent Review articles by Diana W. Thomas | |
| Winter 2010/11 | Bootleggers, Baptists, and Political Entrepreneurs:Key Players in the Rational Game and Morality Play of Regulatory Politics |
| Other Independent Review articles by Michael D. Thomas | |
| Spring 2018 | Inside Job:How Government Insiders Subvert the Public Interest |
| Summer 2014 | Sin Taxes and Sindustry:Revenue, Paternalism, and Political Interest |
