Results from nutrition research also influence policy formulation, professional dietary guidelines, design of public health interventions and regulation of food product health claims.
Mr. Bork discovered economics and became a libertarian opposed to government intervention and regulation.
And by thrusting the Fed into new realms of intervention and regulation, he has raised questions about whether he is threatening the Fed's independence.
"Of course, it's only around ten million people, so it's possible to intervene because everything is smaller," Giske said, adding, "Maybe Swedes are more used to this type of intervention and regulation".
It is more individualist, warier of state intervention and regulation and also home to by far the biggest financial centre in Europe.
The central claim is that failure to develop is primarily the result of too much government intervention and regulation of the economy.
The scale of investment needed to turn the economy round – in infrastructure, social housing, supply chains and the green economy – is going to demand large-scale public intervention and regulation if the private sector continues to sit on its cash piles (including, say, the taxation of dividends and unused cash reserves).
It is remarkable that the establishment of laissez-faire itself in the early 19th century required an enormous amount of government intervention and regulation, not least of which was the vast bureaucratic control necessary to administer the harshly punitive Poor Law Amendment Act of 1834.
The truth is that today we face not just a single crisis but three – a combination of a credit-fuelled financial meltdown, accelerating climate change, and soaring energy prices, underpinned by an encroaching peak in oil production – and only a combination of public intervention and regulation can begin to deal with them.
State intervention and regulation, Mill thinks, is the best solution to this collective action problem.
