Regulation in America: A Historical Overview
回顾美国监管历史，指出监管始终涉及经济与政治利益的权衡，且历史上以保护性为主，有效性取决于行业结构与经济环境的适配。
The major thread that runs through the history of regulation is controversy. This is because regulation invariably involves trade-offs between competing economic and political interests. In the past, regulation has been protective rather than developmental. The history of regulation in America shows that regulatory policies and strategies are most effective when they are adapted to the structure and economic environment of the particular industry to which they are addressed.