User:Mckenzierichar/sandbox

Article Review

The article is well written, but it lacks cited sources. It does not give enough information on certain subjects and it tends to be very vague. There needs to be more exploration on both the democrat and republican side. There needs to be specific examples and quotes that help prove a certain idea. There are certain words that do not make sense and need to be upgraded.

Theories of Regulation

• This section does not give specific examples of theories that fit into the "normative and positive" umbrella (i.e. the optimal Regulation)
• Alternatively, many heterodox economists and legal scholars stress the importance of market regulation for "safeguarding against monopoly formation, the overall stability of markets, environmental harm, and to ensure a variety of social protections---- was quoted but not cited to a specific author
• Richard Taylor, Competition versus Regulation in the Post-Sunset PSTN"
• Sociologists need a credible quote to be able to showcase their opinions on regulation
• "To allow the market mechanism to be sole director of the fate of human beings and their natural environment, indeed, even of the amount and use of purchasing power, would result in the demolition of society." - Karl Polanyi

Deregulation

• "in Modern american Politics" section only goes up to 2007
• Executive order signed by President Donald Trump in 2017
• "knock out two regulations for every new regulation" (to help explain the executive order)
• "Every regulation should have to pass a simple test," Trump said. "Does it make life better or safer for American workers or consumers? If the answer is no, we will be getting rid of it" (Gives more detail and reasoning behind the executive order)

Controversies

There needs to be a lot more citation and less opinion oriented ideas. It would be helpful for there to be more specific examples and ore credible sources within this section of the article.

"The regulation of markets is to safeguard society and has been the mainstay of industrialized capitalist economic governance through the twentieth century." needs to be cited by Karl Polanyi, The Great Transformation.

There are various schools of economics that push for restrictions and limitations on governmental role in economic markets. Economists who advocate these policies do not necessarily share principles, such as Nobel prize-winning economists Milton Friedman (monetarist school), George Stigler (Chicago School of Economics / Neo-Classical Economics), and Friedrich Hayek (Austrian School of Economics), as well as Richard Posner (Chicago School / Pragmatism), . Generally, these schools attest that government needs to limit its involvement in economic sectors and focus instead on protecting negative individual rights (life, liberty, and property).

• Needs a credible quote from one of the sources listed : "If you put the federal government in charge of the Sahara Desert, in five years there'd be a shortage of sand."
• Giving a quote gives a credible example of the idea