Evan Osborne
- Published in print:
- 2018
- Published Online:
- May 2018
- ISBN:
- 9780804796446
- eISBN:
- 9781503604247
- Item type:
- chapter
- Publisher:
- Stanford University Press
- DOI:
- 10.11126/stanford/9780804796446.003.0009
- Subject:
- Economics and Finance, Economic History
There is good reason to be skeptical of the assumption that political regulation operates with the public interest in mind. Scientific productivity has continued to advance in the past half-century, ...
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There is good reason to be skeptical of the assumption that political regulation operates with the public interest in mind. Scientific productivity has continued to advance in the past half-century, as has the value and quantity of human expression. The argument in favor of socioeconomic self-regulation is identical to that for the other two systems. Yet recent scholarship suggests declining rates of economic growth in the wealthiest countries most subject to increasing political regulation during this period, while greater reliance on self-regulating economic forces has resulted in dramatic improvement of socioeconomies in the developing world. As political regulation of human expression has declined, literary, artistic, and philosophical achievement have expanded. Guidance is offered for how people should understand social change in their role as citizens and how they should conduct themselves in a world full of short-term instability but tremendous long-term progress.Less
There is good reason to be skeptical of the assumption that political regulation operates with the public interest in mind. Scientific productivity has continued to advance in the past half-century, as has the value and quantity of human expression. The argument in favor of socioeconomic self-regulation is identical to that for the other two systems. Yet recent scholarship suggests declining rates of economic growth in the wealthiest countries most subject to increasing political regulation during this period, while greater reliance on self-regulating economic forces has resulted in dramatic improvement of socioeconomies in the developing world. As political regulation of human expression has declined, literary, artistic, and philosophical achievement have expanded. Guidance is offered for how people should understand social change in their role as citizens and how they should conduct themselves in a world full of short-term instability but tremendous long-term progress.
