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 Michael D. Thomas, Diana W. Thomas
This
article
appeared in
the Spring 2018 issue of The Independent Review.
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| Other Independent Review articles by Michael D. Thomas | |
| Fall 2020 | Markets against Modernity: Ecological Irrationality, Public, and Private |
| Spring 2018 | Inside Job: How Government Insiders Subvert the Public Interest |
| Summer 2014 | Sin Taxes and Sindustry: Revenue, Paternalism, and Political Interest |
| Other Independent Review articles by Diana W. Thomas | |
| Winter 2022/23 | Plutocratic Socialism: The Future of Private Property and the Fate of the Middle Class |
| Winter 2010/11 | Bootleggers, Baptists, and Political Entrepreneurs: Key Players in the Rational Game and Morality Play of Regulatory Politics |
