The New Regulatory Era - An Introduction

16 Pages Posted: 11 Sep 2009 Last revised: 7 Oct 2009

Date Written: September 9, 2009


For many decades the word “regulation” has been a bogeyman concept evoking images of unproductive and wasteful government bureaucracy. While this image has been a popular rallying cry for politicians over the years, every interest group — with the exception of libertarians — has actively supported and lobbied for regulation in certain domains of the economy and society. With the recent financial crisis, this bogeyman image of regulation has been turned on its head. This Essay explains some of the causes for the change and highlights several expected directions that the new regulatory era is likely to take.

Keywords: regulation, regulatory state, paternalism

JEL Classification: G18, K23, L43, L5, L51

Suggested Citation

Orbach, Barak, The New Regulatory Era - An Introduction (September 9, 2009). Arizona Law Review, Vol. 51, p. 559, 2009, Arizona Legal Studies Discussion Paper No. 09-30, Available at SSRN:

Barak Orbach (Contact Author)

University of Arizona ( email )

1201 E. Speedway Blvd.
Tuscon, AZ 85721-0176
United States
520-626-7256 (Phone)
520.858.0025 (Fax)


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