1/2 #Bestof2021: Triumph of the Regulators: 1/2: Our regulatory agencies and their abduction by “interests.” @RichardAEpstein Hoover Institution
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 29 December 2022
⏱️ 14 minutes
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1937
@Batchelorshow
1/2 #Bestof2021: Triumph of the Regulators: 1/2: Our regulatory agencies and their abduction by “interests.” @RichardAEpstein Hoover Institution
Theory of Regulatory Capture* by the Regulated. Richard A Epstein, Tisch Professor of Law NYU Bedford Senior Fellow; Hoover Institution; senior lecturer, University of Chicago Law School. @RichardAEpstein
https://promarket.org/2021/07/22/george-stigler-theory-economic-regulation-interest-group-politics-industry/
Transcript
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| 0:00.0 | Sometimes you just need to get away. |
| 0:02.8 | And for the Aguil War family it was well over you. |
| 0:05.5 | They wanted to know exactly what they were getting, |
| 0:08.0 | like knowing their kids stay and eat a delicious breakfast for free. |
| 0:11.6 | Yes! |
| 0:12.6 | And no need to look heavy bags, with free parking at over 500 hotels. |
| 0:17.4 | Enjoy the same feeling whatever the trip. |
| 0:19.8 | Cremier in, rest easy. |
| 0:21.9 | Only available to book at premierin.com. |
| 0:24.9 | Season C's apply, of two kids stay and eat breakfast free with a full paying adult. |
| 0:31.9 | This is CBS, I'm John Boucher. |
| 0:37.4 | I welcome Professor Richard Epstein, a senior fellow of the Hoover Institution. |
| 0:41.2 | He teaches law at NYU in the University of Chicago to introduce me and to my understanding |
| 0:47.4 | of everything about George Stigler who wrote an essay, the title of which tells the story. |
| 0:55.5 | Theory of economic regulation. |
| 0:57.4 | It was published in 1971 and we've passed the 50th anniversary of this essay. |
| 1:03.2 | Richard introduces me to the fact that through these five decades I've been unaware of |
| 1:08.0 | its controversy. |
| 1:09.0 | Richard, a very good evening to you. |
| 1:10.7 | Thank you very much. |
| 1:11.7 | Thank you. |
| 1:12.7 | I'm plunging into 50 years that I miss. |
... |
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