Regulation: A Primer by Susan E. Dudley and Jerry Brito provides an overview of regulatory theory, analysis, and practice. It examines the constitutional underpinnings of federal regulation and discusses who writes and enforces regulation and how they do it. It also provides insights into the different varieties of regulation and how to analyze whether a regulatory proposal makes citizens better or worse off.

Regulation: A Primer

Dudley, Susan E.

Brito, Jerry

Administrative Law

Mercatus Center at George Mason University

Restoring the Balance between Protection and Innovation The Constitution gives Congress the power to establish copyright “to promote the Progress of Science and useful Arts.” This requires Congress to engage in a delicate balancing act, giving authors enough protection that they will be motivated to create expressive works, but not so much that it hampers innovation and public access to information. Yet over the past half-century Congress has routinely shifted the balance in only one direction—away from access and freedom and toward greater privileges for organized special interests. Conservatives and libertarians, who are naturally suspicious of big government, should be skeptical of an ever-expanding copyright system. They should also be skeptical of the recent trend toward criminal prosecution of even minor copyright infringements, of the growing use of civil asset forfeiture in copyright enforcement, and of attempts to regulate the Internet and electronics in the name of piracy eradication. Copyright Unbalanced is not a moral case for or against copyright; it is a pragmatic look at the excesses of the present copyright regime and of proposals to expand it further. It is a call for reform—to roll back the expansions and reinstate the limits that the Constitution’s framers placed on copyright. About the Editor Jerry Brito is a senior research fellow at the Mercatus Center at George Mason University and director of its Technology Policy Program. He also serves as adjunct professor of law at Mason. He has written for both online and print publications, including the Wall Street Journal, New York Times, Reason, Wired.com, Ars Technica, and The Atlantic. Brito is the co-author of Regulation: A Primer, with Susan Dudley. About the Contributors Tom W. Bell is a professor at Chapman University School of Law and an adjunct fellow of the Cato Institute. He is the coeditor of Regulators’ Revenge: The Future of Telecommunications Deregulation, with Solveig Singleton. Eli Dourado is a research fellow at the Mercatus Center at George Mason University with the Technology Policy Program. Timothy B. Lee is an adjunct scholar at the Cato Institute. He covers technology policy for Ars Technica and has written for both online and print publications, including Slate, Reason, Wired.com, and the New York Times. Christina Mulligan is a postdoctoral associate in law and a lecturer in law at the Information Society Project at Yale Law School. David G. Post is professor of law at the Beasley School of Law at Temple University, where he teaches intellectual property law and the law of cyberspace. He is the author of In Search of Jefferson’s Moose: Notes on the State of Cyberspace and coauthor of Cyberlaw: Problems of Policy and Jurisprudence in the Information Age, with Paul Schiff Berman, Patricia Bellia, and Brett Frischmann. Post is a regular contributor to the influential Volokh Conspiracy blog. Patrick Ruffini is president of Engage, a digital media firm with clients including Fortune 500 companies, presidential and statewide candidates, technology startups, and issue advocacy campaigns. Reihan Salam is a policy advisor at Economics 21, a contributing editor at National Review, a Reuters opinion columnist, and a CNN contributor. He is the coauthor of Grand New Party: How Republicans Can Win the Working Class and Save the American Dream, with Ross Douthat.

Copyright Unbalanced: From Incentive to Excess

Business & Money

Salam, Reihan

Post, David G.

Bell, Tom W.

Dourado, Eli

Lee, Timothy B.

Mulligan, Christina

Ruffini, Patrick

Economics

As the world’s first decentralized digital currency, Bitcoin has the potential to revolutionize online payment systems and commerce in ways that benefit both consumers and businesses. Individuals can now avoid using an intermediary such as PayPal or submitting credit card information to a third party for verification—both of which often involve transaction fees, restrictions, and security risks—and instead use bitcoins to pay each other directly for goods or services. In this new edition of their popular primer, Jerry Brito and Andrea Castillo provide fresh analysis of the latest policies and regulations that could either help or hinder the growth of the innovative cryptocurrency and blockchain industries. They describe how the Bitcoin protocol works and address many common misconceptions about it. This expanded edition contains new descriptions of the cutting-edge blockchain applications that are poised to disrupt law, trade, and even content distribution in the same way that Bitcoin disrupted finance through distributed ledger technology. The authors analyze current laws and regulations that may already cover digital currencies and blockchain applications and warn against preemptive regulatory restrictions that could stifle these new technologies before they have a chance to evolve. In addition, Brito and Castillo make several recommendations about how policymakers should treat Bitcoin and blockchain applications going forward. Here, at the forefront of the debate, Brito and Castillo make a powerful case for permissionless innovation and provide much-needed clarity for policymakers and law enforcement officials uncertain how to approach cryptocurrency technology.

Bitcoin: A Primer for Policymakers

Castillo, Andrea

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