"Hahn argues that the forces of globalization, increases in average wealth, and our growing understanding of regulatory impacts will dramatically alter the nature of regulation in the years ahead. We are likely to see more economic deregulation and more social regulation. The increase in economic deregulation is likely to be good for the average citizen, while the changes in social regulation will have both advantages and disadvantages. In general, regulation will become more effective as human beings develop regulatory institutions that are better suited to their economic and social needs. The news, he concludes, is not all good from an economic standpoint, but the general direction of the change is quite positive."--Jacket.