Regulations
In a world in which a newly imposed regulation is the only change that takes place, we could easily compare the state of the economy before and after and thereby assess its effect. However, as the market is a process that is in constant flux, the regulation is decidedly not the only change—it is an imposition on the market's ongoing unfolding and evolution.
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This is one of those books that everyone ought to read in order to better understand how the world works and the how society and economy are the same thing.
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