This book illuminates the real effects of Regulations on people\'s Everyday lives.
Bylund is assistant professor of entrepreneurship and Records-Johnston Professor of Free Enterprise in the School of Entrepreneurship at Oklahoma State University..
About the Author: Per L.
From this point of view, the real implications of regulation are traced step by step, following the logic of exchange and the effects on individual actors rather than the economy as a whole.
We draft a new definition of prosperity and well-being which focuses on the individual\'s access to valuable alternatives.
More to the point, this book emphasizes the real effects of regulation and market change on individual actors, thereby stressing how the economy works to provide an individual with the options that exist in choice situations.
While the direct effects are well understood, the indirect effects are often overlooked because they don\'t fit with the machine understanding of an economy.
Regulations, which are restrictions placed on the working of the economy, have consequences, both intended and unintended, direct and indirect.
In so doing, the book provides a fundamental understanding for the economy as an organism rather than a machine, and enlightens the reader by offering a model for understanding the economy and market.
It traces the effects of Regulations on an economy by working through the ripple effects of changes.
This book illuminates the real effects of Regulations on people\'s Everyday lives
