Edward Stringham | 'Private Governance' Book Panel

Are all of the rules and regulations governing economic activity a product of central planning or legislation?

Are all of the rules and regulations governing economic activity a product of central planning or legislation? To what extent does privately produced and enforced governance play a role? In his latest book, Edward Stringham argues that much of what is orderly in the economy can actually be attributed to governing mechanisms devised and enforced by private groups and individuals. 

Read more about Private Governance: Creating Order in Economic and Social Life.