Failure of Judges and the Rise of RegulatorsA noted economist argues that the ubiquity of regulation can be explained by its greater efficiency when compared to litigation. Government regulation is ubiquitous today in rich and middle income countries present in areas that range from workplace conditions to food processing to school curricula although standard economic theories predict that it should be rather uncommon. In this book, Andrei Shleifer argues that the ubiquity of regulation can be