It Is Not From the Benevolence of …

by Don Boudreaux on October 25, 2008

in Complexity & Emergence, Wal-Mart

Who says that only government has the incentive or ability to regulate product quality in consumers’ interests?  Wal-Mart is doing it now.

(HT Karol Boudreaux)

Brand names of products, producers, wholesalers, and rretailers — much derided by the economically misinformed — provide what is likely a far more powerful check on poor product quality (that is, product quality below buyers’ expectations) than does command-and-control regulation.


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