Some Reflections on the Ubiquity of Regulation

8 Pages Posted: 29 Feb 2016

Date Written: February 2016


The authors argue, using historical examples from finance, the production of wine and music, that competition within the rule of law, without government regulation, produces desirable outcomes.

Keywords: banking, Basel rules, music, regulation, wine

Suggested Citation

Capie, Forrest and Wood, Geoffrey E., Some Reflections on the Ubiquity of Regulation (February 2016). Economic Affairs, Vol. 36, Issue 1, pp. 48-55, 2016, Available at SSRN: or

Forrest Capie (Contact Author)

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom
020 7601 3680 (Phone)

Geoffrey E. Wood

Cass Business School ( email )

London, EC2Y 8HB
Great Britain
+44 0 20 7040 8740 (Phone)
+44 0 20 7040 8881 (Fax)

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