Agriculture Quote by Ronald Coase
“I can't remember one [example of regulation] that's good. Regulation of transport, regulation of agriculture - agriculture is a, zoning is z. You know, you go from a to z, they are all bad. There were so many studies, and the result was quite universal: The effects were bad.”
About This Quote
Regulation often produces unintended negative effects across sectors, suggesting a need for careful design.
In simple terms: Regulation can cause harm.
Design rules that minimize side effects.
Themes
Mood
Type
When to use this quote
- environmental law
- transport policy
- agricultural standards
- legislative review
Key Concepts
Questions to Reflect On
- When does regulation outweigh its costs?
- How can we evaluate regulatory impact?
Some regulations may provide essential protections despite drawbacks.