Homo oeconomicus and Rational FOOL

Homo oeconomicus and Rational FOOL

David
R. Gergen, in Regulation (Sept.-Oct.on Regulation 19771, 1150 17th st., N.w., Washington,
D.C. 20036.
President Carter's early pledge to reduce "the burden of over-regulation" on business contrasts with his administration's early rec- ord of "almost studied ambiguity" toward regulatory reform, contends Gergen, a former aide to President Gerald Ford. This uncertain ap- proach, he believes, is incapable of dealing with federal regulatory growth that has developed a momentum...

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