10. In your judgment, what should the role of government regulators be? How much regulation should there be, in the abstract and in specific instances? What types of regulation should there be? What economic activities should be most carefully regulated? Discuss social ("new") regulation and the factors that seem to have led to its emergence. Compare and contrast social regulation with economic ("old") regulation. Does the structure of regulatory agencies make any real difference in the operations of regulatory bodies? Why or why not? Discuss the nature of regulatory politicsthe issues that most frequently arise, the regular participants in political conict, and how (if at all) regulatory politics differs from other kinds of administrative politics. What lessons can regulatory bodies learn from the experience of the FTC in the cigarette packagelabeling controversy and in its conflicts with Congress? What lessons can be learned by advocates of change in any regulatory policies? What can advocates of the status quo learn? Assess the steps taken toward the direction of the deregulation of various enterprises. In your judgment, are these appropriate steps? Should regulators be "reined in" by the national government in other instances? By what standards should decisions be made and by whom? Is cost-benefit analysis appropriate as a basis for regulatory policy decisions? (In your answer, deal with the values underlying both the cost-benefit approach and your own view of its appropriateness.) What values other than strictly monetary costs and benefits might be employed as a basis for establishing and evaluating regulatory policy? Discuss the role of the courts in effectively monitoring the activities of administrative agencies. How have judicial interpretations changed the basic concept of bureaucratic autonomy and discretionary authority? Do you believe that overall government regulation serves useful purposes? Why or why nnf') TF nrm nwlunf nnr-nncnr Hnnc if cnr-nn') \"I'CPIIE'C