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Effect of regulation by sector and product

Are there any areas of the economy to which the Iron Law of Regulation does not apply? We will progressively add links to experimental evidence on the items in the preliminary list below, where it is available. The evidence might help us to identify conditions under which regulations have been of net benefit without harming individual rights.

  • Advertising
  • Accommodations for travellers
  • Air travel
  • Alcoholic liquors
  • Construction
  • Corporate social responsibility
  • Currency
  • Demographics
  • Dress and facial hair
  • Drugs – recreational
  • Education and training
  • Energy
  • Environment
  • Equality of outcomes
  • Families
  • Finance
  • Food and non-alcoholic drinks
  • Gambling
  • Global warming
  • Guns
  • Handicapped people
  • Healthcare and medicines
  • Highways
  • Housing
    • Public
    • Zoning
  • Immigration
  • Jobs
  • Migration
  • Nudges
  • Occupational licensing
  • Poisons – herbicides and pesticides
  • Pollution
  • Population
  • Ports – air, river, and sea
  • Postal and telecommunications
  • Prices (excluding wages)
  • Property
  • Recreation
  • Reproduction
  • Resources
  • Retailing
  • Science
  • Speech and media
    • Commercial free speech
    • Entertainment
    • Political
  • Scientific research
  • Tobacco
  • Trade
  • Transport – freight (shipping, logistics)
  • Transport – passenger (public and private)
  • Wages and conditions
  • Water

the iron law of regulation

“There is no form of market failure, however egregious, which is not eventually made worse by the political interventions intended to fix it” -- Original source unknown

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