Two main alternative views of the regulation of industry are widely held. The first is that regulation is instituted primarily for the protection and benefit of the public at large or some large subclass of the public. In this view, the regulations which injure the public -as when the oil import quotas increase the cost of petroleum products to America by $5 billion or more a year- are costs of some social goal (here, national defense) or, occasionally, perversions of the regulatory philosophy. the second view is essentially that the political process defies rational explanation: "politics" is an imponderable, a constantly and unpredictably shifting mixture of forces of the most diverse nature, comprehending acts of great moral virtue (the emancipation of slaves) and of the most vulgar venality.
George StiglerRelated topics
alternative benefit billion cost emancipation great hold imponderable import increase industry large national nature oil petroleum politics public regulation second venality view virtue year acts costsRelated quotes
We keep countless men from being good citizens by the conditions of life by which we surround them. We need comprehensive workman's compensation acts, both State and national laws to regulate child labor and work for women, and, especially, we need in our common schools not merely education in book-learning, but also practical training for daily life and work. We need to enforce better sanitary conditions for our workers and to extend the use of safety appliances for workers in industry and commerce, both within and between the States. Also, friends, in the interest of the working man himself, we need to set our faces like flint against mob-violence just as against corporate greed; against violence and injustice and lawlessness by wage-workers just as much as against lawless cunning and greed and selfish arrogance of employers.
Theodore Roosevelt
I was writing for businesses. I think my mother was a little skeptical in the beginning, but fortunately, as a free-lance writer I was successful almost immediately. And so she was very proud, because she measured success in terms of money, which is what I started to do as well. My goal then, became to increase the amount of money that I made each month. Not simply each year, but each month - I mean, talk about pressure - to have more billable hours each month. So that by the end of my third year of being a free-lance writer, I was billing 90 hours a week. I had no time to sleep. I had no life. People said I was crazy, that I was a workaholic. And I couldn't understand how it was that I had these wonderful clients, and I was making all this money, and I wasn't happy and I didn't feel successful. That's when I started to write fiction.
Amy Tan
Probably, I wound up-if not as a jack-of-all-trades-at best as a thirdrate polymath never able to focus these curiosities into a commanding "view of life.” The most practical solution appeared to be to make a profession of observation, to become a reporter simply, a profession easily damned as that of a fence-sitter, a moral coward unwilling to take a stand, a chronic water-treader who lacks the strength to take the plunge. To these strictures, I can only reply that once every four years at least I take a stand: I vote. And immediately afterward return to my reporting habits and the continuing discovery that in life the range of irreconcilable points of view, characters, flaws, idiosyncrasies and virtues is astounding, and that in politics there is very often much to be said on both sides, and sometimes on three or four.
Alistair Cooke
The economic betterment of a nation which is at a low level of intelligence and culture, or in which the population is small in relation to the extent and productivity of its territory, is best accomplished through free trade with highly cultivated, rich, and industrious nations. In the case of such a country every restriction of trade, intended to plant manufacturing industry within its borders, is premature and injurious, not only to the welfare of mankind in general, but to the progress of the nation itself. Only when the intellectual, political, and economic education of the nation has so far advanced as a result of free trade that its further progress would be checked and hindered by the import of foreign manufactures and the lack of a sufficient market for its own goods, can protective measures be justified.
Friedrich List
The first and most necessary topic in philosophy is that of the use of moral theorems, such as, "We ought not to lie;" the second is that of demonstrations, such as, "What is the origin of our obligation not to lie;" the third gives strength and articulation to the other two, such as, "What is the origin of this is a demonstration." For what is demonstration? What is consequence? What contradiction? What truth? What falsehood? The third topic, then, is necessary on the account of the second, and the second on the account of the first. But the most necessary, and that whereon we ought to rest, is the first. But we act just on the contrary. For we spend all our time on the third topic, and employ all our diligence about that, and entirely neglect the first. (51).
Epictetus
