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"It is time that liberals everywhere saw the EU for what it is – essentially a stitch-up between the very biggest corporations, their lobbyists and the commission to frame regulation in such a way as to keep out the competition, especially … from start-ups and innovators," he said.
They frame regulation as an impingement on freedom and a threat not only to the livelihoods of West Virginians but to the country as a whole.
Whether it's because it's niche or because it's actually uncontroversial, there may be lessons here for legislators in how to develop and frame regulation of technology.
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Yesterday, at the Synod's opening session, the Rt Rev Nigel McCulloch, Bishop of Manchester, was given the task of explaining why the senior group considering how to frame regulations to permit women bishops had still not managed to produce a formula 18 months after the synod voted for the move.
As the Nobel citation also noted, Tirole observed the potential for phenomena such as the "ratchet effect," which relates to the timeframe of regulations: If a company does well in a short-term regulatory time frame, regulations may be ratcheted up, lowering the incentives for the firm to perform as well.
University stationers were established to supply the demand; these were controlled by the universities, which framed regulations about the content and size of books and set prices for sale and for rental.
As a result, framing regulations to enable expected value decisions might facilitate various agents to improve bespoke forecasts and hence extract more economic value from advanced scientific forecasts.
Indeed, policy makers often frame the regulation of citizenship with reference to conceptions about the boundaries of the national community (Jensen, 2014).
The government is right to not immediately trust new technology to just work and some sort of a frame of regulation is needed to ensure our safety and security.
The government is right to not immediately trust new technology to just work and some sort of a frame of regulation is needed to ensure our safety and security.
In West Virginia today, the state Republican Party frames the regulation of heavy industry as a matter of cultural and existential survival.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com