Ep 442: A Masterclass on Regulation (and Deregulation)

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We keep using the terms 'regulation' and 'deregulation' -- and now it's time for a primer. Shruti Rajagopalan joins Amit Varma in episode 442 of The Seen and the Unseen go discuss first principles AND get into the weeds. What is regulation? When do we need it? When do we not? What's India's journey been like? And finally, why is deregulation both important and difficult? (FOR FULL LINKED SHOW NOTES, GO TO SEENUNSEEN.IN.) Also check out 1. Shruti Rajagopalan on Twitter, Substack, Instagram, her podcast, Ideas of India and her own website. 2. Emergent Ventures India, which is run by Shruti. 3. The 1991 Project. 4. Shruti Rajagopalan Remembers the Angle of the Light -- Episode 410 of The Seen and the Unseen. 5. The Importance of the 1991 Reforms — Episode 237 of The Seen and the Unseen (w Shruti Rajagopalan and Ajay Shah). 6. Shruti Rajagopalan Dives Into Delimitation -- Episode 336 of The Seen and the Unseen. 7. All past episodes of The Seen and the Unseen w Shruti Rajagopalan, in reverse chronological order: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21. 8. Urinal regulation in the Factories Act, 1948. 9. Four Seasons in Rome -- Anthony Doerr. 10. Premature Imitation and India's Flailing State — Shruti Rajagopalan & Alexander Tabarrok. 11. Elite Imitation in Public Policy -- Episode 180 of The Seen and the Unseen (w Shruti Rajagopalan and Alex Tabarrok). 12. The Curse of Knowledge. 13. Every Act of Government Is an Act of Violence -- Amit Varma. 14. Understanding the State -- Episode 25 of Everything is Everything. 15. The Wealth of Nations -- Adam Smith. 16. The Double 'Thank You' Moment — John Stossel. 17. Profit = Philanthropy — Amit Varma. 18. Traffic -- Tom Vanderbilt. 19. Tonight Is the Night I Fell Asleep at the Wheel -- Barenaked Ladies. 20. Driving in a Foreign Country -- My Italian Diaries: 7 -- Amit Varma. 21. Marching For Salt -- Amit Varma. 22. The Transitional Gains Trap -- Gordon Tullock. 23. Interventionism: An Economic Analysis -- Ludwig von Mises. 24. Mises's dynamics