Principles for the Governance of Regulators

1) regulatory regime was once simply the common law. eg, Pierson v. Post – foxhunting case, where interloper kills fox the foxhunter drove out. Ruling for interloper, favoring competition over protectionism. 2) 1880s – beginnings of the regulatory state. first agencies: ICC, FTC (protection from monopoly) ( ................
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