Law of Unintended Consequences | Organizations and Markets

Law of Unintended Consequences

24 January 2008 at 11:38 am stevphel Leave a comment

| Steve Phelan |

Nice post by Alex Tabarrok on the law of unintended consequences. He concludes by saying:

Does the law of unintended consequences mean that the government should never try to regulate complex systems? No, of course not, but it does mean that regulators should be humble (no trying to remake man and society) and the hurdle for regulation should be high.

Entry filed under: Former Guest Bloggers, Management Theory.

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