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Capitalism: Rules, Regulations & Incentives

Allan H. Meltzer, The Allan H. Meltzer University Professor of Political Economy, and Robert M. Dammon, Dean and Professor of Financial Economics, have a conversation on the occasion of the printing of Meltzer’s book, “Why Capitalism?”.

Professor Meltzer discusses regulation, the problem of capture, Madoff and the housing crisis and the prevalence of circumvention of regulation. He outlines his criteria for good regulations and rule-making for capitalist systems. Duration: 15:09.

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