Who Protects the Consumer?
E365804
"Who Protects the Consumer?" is a chapter from Milton and Rose Friedman's book *Free to Choose* that critiques government regulation and argues that competitive markets and informed consumers are the most effective safeguards for consumer interests.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Who Protects the Consumer? canonical | 1 |
Statements (43)
| Predicate | Object |
|---|---|
| instanceOf |
book chapter
ⓘ
non-fiction chapter ⓘ |
| advocates |
competitive markets as primary consumer protection
ⓘ
informed consumer choice ⓘ |
| argues |
government regulation often fails to protect consumers effectively
ⓘ
information and reputation mechanisms protect consumers ⓘ market competition disciplines producers ⓘ regulation can raise prices for consumers ⓘ regulation can reduce consumer choice ⓘ regulation can reduce innovation ⓘ regulatory agencies can be captured by special interests ⓘ |
| associatedWith |
Chicago School economics
ⓘ
surface form:
Chicago school of economics
|
| author |
Milton Friedman
ⓘ
Rose Friedman ⓘ |
| claims |
consumers are best protected by their own informed choices
ⓘ
political processes can be less responsive to consumer interests than markets ⓘ producers must satisfy consumers to survive in competitive markets ⓘ |
| countryOfOrigin |
United States of America
ⓘ
surface form:
United States
|
| critiques |
consumer protection agencies
ⓘ
licensing requirements ⓘ product safety regulation ⓘ |
| genre |
economics
ⓘ
political economy ⓘ public policy ⓘ |
| includedIn |
Free to Choose
ⓘ
surface form:
Free to Choose: A Personal Statement
|
| influencedBy | classical economic theory of competition ⓘ |
| influences | debates on deregulation and consumer protection policy ⓘ |
| intendedAudience | general readers interested in economics and public policy ⓘ |
| language | English ⓘ |
| mainTopic |
competition
ⓘ
consumer protection ⓘ free market ⓘ government regulation ⓘ role of government ⓘ |
| partOf | Free to Choose ⓘ |
| philosophicalPerspective |
classical liberalism
ⓘ
laissez-faire economics ⓘ |
| positionOnGovernmentRegulation | critical ⓘ |
| publicationEra | late 20th century ⓘ |
| relatedWork |
Free to Choose
ⓘ
surface form:
Free to Choose (television series)
|
| supports |
consumer information through advertising and reputation
ⓘ
voluntary certification and standards ⓘ |
| workExampleOf | libertarian critique of regulation ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.