A Rational Perspective on the Importance of Reevaluating A Decade of Overregulation in the U.S.

Authors

  • Melissa S. Aprigliano Pepperdine University
  • Kent Rhodes Pepperdine University

DOI:

https://doi.org/10.33423/jmpp.v19i2.1275

Keywords:

Management Policy, Government Regulations, Macroeconomics

Abstract

Government regulations are essential tools for ensuring that industry is accountable and acting responsibly. A company committed to a balanced risk framework would agree that reasonable regulatory tollgates are also necessary for guiding innovation. Innovation impacts micro and macroeconomics. Schumpeter distinguished innovation as, “[…] the commercially successful application of an idea, from invention, to the initial development of a new idea, and from diffusion, to the widespread adoption of the innovation” (Ashford and Heaton, 1981, p. 110 as cited by Steward, 2010). Burdensome regulations cause corporations to “[…] divert time and money from innovation activities to compliance efforts” (Stewart, 2010).

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Published

2018-08-01

How to Cite

Aprigliano, M. S., & Rhodes, K. (2018). A Rational Perspective on the Importance of Reevaluating A Decade of Overregulation in the U.S. Journal of Management Policy and Practice, 19(2). https://doi.org/10.33423/jmpp.v19i2.1275

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Articles